The Mount Vema customs and excise bill submitted to the Sovereign, His Mount Vema Majesty King Peter Goldishman a few weeks ago was approved and has become law of the Vema Seamount territory. It will be known as Customs and Excise Act, Mount Vema 2018.
The new legislation will enter the statutory books on July the 9th 2018 and will come into force on that same day, to regulate the collection and protection of revenues derived from duties and management of the customs and excise of the Vema Seamount Territory.
The Act will also 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.
The timing of the legislation also indicates that the Royal Mount Vema Coast Guard is about to be permanently deployed to deal with offences in relation to fisheries levies. If any person is, in relation to any goods, in any way knowingly concerned in any fraudulent evasion or attempt at evasion of any fisheries levy chargeable on the export of the goods.
A person guilty of an offence under the new legislation will be liable on summary conviction, to a penalty of the prescribed sum or of three times the value of the goods, whichever is the greater, or to imprisonment for a term not exceeding 6 months, or to both. On conviction on indictment, to a penalty of any amount, or to imprisonment for a term not exceeding 7 years, or to both.
The law also gives clear guidelines on the forfeiture of ships, for certain offences. Any ship which is liable to forfeiture or examination under or by virtue of any provision of the Act does not bring to when required to do so, the master of the ship will be liable on summary conviction to a penalty.
Where any ship liable to forfeiture or examination has failed to bring to when required to do so and chase has been given by any vessel in the service of His Mount Vema Majesty and, after the commander of that vessel has hoisted the proper ensign and caused a gun to be fired as a signal, the ship still fails to bring to, the ship may be fired upon, under the Customs and Excise Law.