4. (1) Goods, other than those to which Regulation 5, 6 or 7 applies, shall be exempt from value-added tax where—

(a) in the case of travellers other than those to whom paragraph (b) applies, the total value of the goods does not exceed €430, or

(b) in the case of a traveller under 15 years of age, the total value of the goods does not exceed €215.

(2) For the purposes of applying the monetary thresholds specified in paragraph (1), the value of an individual item may not be split up.

(3) The value of the personal luggage of a traveller, which is imported temporarily or is re-imported following its temporary export, and the value of medicinal products required to meet the personal needs of a traveller shall not be taken into consideration for the purposes of applying the exemptions specified in paragraph (1).