17R4. The bringing into Québec of a vessel that is imported temporarily in the circumstances referred to in section 3 of the Vessel Duties Reduction or Removal Regulations (SOR 90-304) is a prescribed circumstance.
The value of a vessel referred to in the first paragraph shall be determined by the following formula:
(1/120 x A x B) + (C x B/D).
For the purposes of that formula:(1) A is the value for duty of the vessel;
(2) B is the number of months during which the vessel remains in Québec in Canadian customs waters within the meaning assigned to that expression by the Vessel Duties Reduction or Removal Regulations (SOR 90-304);
(3) C is the remaining duties payable in respect of the vessel;
(4) D is the number of months during which the vessel remains in Canada.
O.C. 1607-92, s. 17R4; O.C. 1470-2002, s. 1.