Customs and Excise Act, Mount Vema 2018 came into operation today

The Mount Vema Customs and Excise Act 2018 has come into operation today and has entered the statutory books of the Kingdom of Mount Vema – Vema Seamount Territory to regulate the collection and protection of revenues derived from duties and management of the customs and excise of the realm.
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The Act will deal with boarding stations, Mount Vema ships within the meaning of the Merchant Marine and Shipping Act, Mount Vema 2017, restricted goods, excise licence trade, export and imports, and including transit or transhipment - in relation to the entry of goods transiting through the Kingdom of Mount Vema or transhipment with a view to the re-exportation of the goods in question or transhipment of goods for use as stores.