(1) The Comptroller may approve for such periods and subject to such conditions and restrictions as he or she sees fit, places for the deposit of goods imported and not yet cleared from customs charge, including goods not yet reported and entered under this Act, and any place so approved is in this Act referred to as a “transit shed”.
(2) An officer may at any time enter a transit shed and inspect it and any goods in the transit shed.
(3) The Comptroller may at any time for reasonable cause revoke or vary the terms of any approval given under subsection (1).
(4) Any person who contravenes or fails to comply with any condition or restriction imposed by the Comptroller under subsection (1) commits an offence and is liable to a fine of $5,000.