(1) Where the Minister is satisfied that goods are imported only temporarily with a view to subsequent re-exportation, the Minister may by statutory instrument prescribe that the goods shall be delivered on importation, subject to such conditions and to the payment of such proportion of the duty thereon as he or she shall specify in the regulations and the Minister may impose different conditions for different classes of goods.
(2) Regulations under subsection (1) may provide for the imposition of a fine of an amount not exceeding $10,000 for any contravention of or failure to comply with any such regulation and for the forfeiture of any goods.