Customs Undertakings (Penalties) Act 1981
3Interpretation
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3 Interpretation
(1) In this Act, unless the contrary intention appears:
Customs undertaking means an undertaking given under subsection 267(1) or 268(2) of the Customs Act 1901, and includes such an undertaking as varied.
item of a Customs Tariff and proposed item of a Customs Tariff have the same respective meanings as in Part XVI of the Customs Act 1901.
prescribed percentage, in relation to goods, means the prescribed percentage set out in the Customs undertaking that relates to the goods.
(2) For the purposes of this Act, where a Customs undertaking sets out the value of a unit of the goods to which the undertaking relates, the value of the goods shall be calculated in accordance with that value.