42Taxable dealing with goods imported after being exported for alteration

#### 42 Taxable dealing with goods imported after being exported for alteration (1) Subject to section 42AA, this section applies to any taxable dealing with goods that have been imported after having been exported for alteration as described in section 9. (2) If customs duty has or will become payable on the importation, and that duty is calculated solely by reference to the customs value of the alterations, the taxable value is:  (3) If customs duty has or will become payable on the importation, but subsection (2) does not apply, the taxable value is:  (4) If customs duty has not, and will not, become payable on the importation, the taxable value is the amount that would have been the taxable value under subsection (2) if customs duty had become payable on the importation and had been calculated solely by reference to the value of the alterations. (5) In this section: > notional customs value of the alterations means the amount that would have been the customs value of the alterations for the purposes of calculating duty if the duty had been calculated solely by reference to the value of the alterations.