(1) Equipment and vehicles imported under section 5 shall not be disposed of within 5 years from the date of import unless the development agency pays to the Comptroller of Customs all customs duties applicable to the goods to be disposed of.
(2) A purchaser of any equipment or vehicle disposed of by the development agency after a period of 5 years is liable for the payment of all customs duties applicable to the goods disposed of.
(3) A development agency or person who fails to comply with the provisions of subsections (1) or (2) commits an offence and is liable on summary conviction to a fine of not less than $5,000.
(4) Despite subsection (3), all sums payable under subsections (1) and (2) shall be recoverable by the Comptroller of Customs in accordance with the provisions of the Code of Civil Procedure.