(1) An article purchased by an approved partnership business free of import duties shall not be sold, given or otherwise disposed of by the approved partnership business except —
(a) in case of a transfer of the ownership of a partnership business, to the transferee;
(b) where the approved partnership business pays or gives security to the satisfaction of the Comptroller of Customs for the payment of an amount equivalent to the amount of import duties which, would have been payable on importation of such article into Saint Lucia, where the article was so imported by the approved partnership business; or
(c) after the expiration of 5 years from the date of the purchase of the article.
(2) An approved partnership business that contravenes this section commits an offence and is liable on summary conviction to a fine not exceeding 3 times the value of the article.