CTHIn ForceAct
Customs Act 1901
95Revaluation
Start here
Get a plain-English read of 95
Turn the raw legal text into a practical explanation grounded in Customs Act 1901.
95 Revaluation
Where a Collector is satisfied that warehoused goods that have been valued for the purposes of this Act in accordance with Division 2 of Part VIII have deteriorated in value as the result of accidental damage, the Collector may, if requested by the owner of the goods to do so, cancel that valuation and, for the purposes of this Act and in accordance with Division 2 of Part VIII revalue those goods as at the time of the revaluation.