(1) Goods reported for transhipment by a master or an agent shall be entered electronically and a transhipment bond in the form determined by the Commissioner-General shall be furnished by the declarant.

(2) In the case of goods intended for transfer from an importing to an exporting aircraft or ship, the master or agent may enter the goods in accordance with the aircraft or ship manifest or general declaration in the form determined by the Commissioner-General and supported by certificates that the Commissioner-General may require.

(3) Goods reported for transhipment shall be entered and shipped within fourteen days from the completion of the discharge of the goods from the importing aircraft or ship, or within a further period as the proper officer may allow.

(4) A person who contravenes sub-regulation (3) commits an offence and is liable on summary conviction to a penalty of not less than one thousand penalty units and not more than three thousand penalty units and the goods in respect of which the offence was committed is liable to forfeiture to the State.

(5) Goods which have not been reported for transhipment and have been unloaded may be entered for transhipment if

(a) the goods have not been entered under the Act; and

(b) the master or agent applies for and obtains the permission of the proper officer to amend the inward report of the importing aircraft or ship.