(1) Subject to the provisions of subsection (3) no factory, belonging to an enterprise, which is being used or is intended to be used for the manufacture of an approved product shall, within 10 years of the date of the publication of the order declaring it an approved enterprise, without the prior approval of the Cabinet, be used for purposes other than the manufacture of an approved product.
(2) An enterprise which contravenes the provisions of subsection (1) commits an offence and is liable on summary conviction to a fine not exceeding $500 and in the case of a continuing offence to a further fine not exceeding $250 in respect of each day during which the offence continues after conviction thereof.
(3) The provisions of this section shall not apply to an enterprise which ceases to be an approved enterprise and in respect of which all sums payable to the Comptroller of Customs and Excise and the Comptroller of Inland Revenue under the provisions of section 7(2) and of section 12 have been paid.