(1) Subject to the provisions of subsections (2) and (3) the Permanent Secretary may grant a licence for the import of any import restricted goods.
(2) A licence shall not be granted by the Permanent Secretary for the import of any import restricted goods if in his or her opinion the import of such goods would, or would be likely to, prejudice any trade agreement or arrangement in respect of external or internal trade or currency entered into or approved of by or on behalf of the Government.
(3) The Permanent Secretary shall make any licence granted under the provisions of subsection (2) subject to such conditions as he or she shall think necessary in order to ensure that the import of the goods in respect of which the licence is to be issued is in conformity with any agreement or arrangement in respect of internal or external trade or currency entered into or approved by or on behalf of the Government. In imposing such conditions the Permanent Secretary shall have regard not only to the import of the goods in respect of which the licence is required but shall take into consideration the necessity, if any, for controlling the import of goods generally or the import of any particular type of goods and by such conditions shall ensure the equitable distribution of import licences.
(4) Despite the provisions of section 3 the following classes of goods may be imported without a licence whether they are import restricted goods or not—
(a) goods in transit or for transhipment;
(b) commercial travellers samples;
(c) articles of British origin which have been imported into the island, subsequently exported therefrom and thereafter returned to the island;
(d) baggage and private effects;
(e) articles shown to be bona fide unsolicited gifts and not for resale;
(f) currency notes or coins;
(g) goods imported by the Government.