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Finance Act, 1962
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Spirits.

4.—(1) The Finance Act, 1920 , as amended by section 8 of the Finance Act, 1952 , shall, as on and from the 11th day of April, 1962, be amended by the substitution in Part I of the First Schedule to the said Finance Act, 1920 , of the matter set out in the First Schedule to this Act for the matter inserted therein by the said section 8, and subsection (1) of section 3 of the said Finance Act, 1920 , shall have effect accordingly.

(2) The duty of excise imposed by subsection (2) of section 3 of the Finance Act, 1920 , shall, as on and from the 11th day of April, 1962, be charged, levied and paid at the rate of nine pounds, eleven shillings and twopence the gallon (computed at proof) in lieu of the rate chargeable by virtue of subsection (2) of section 8 of the Finance Act, 1952 .

(3) Section 4 of the Finance Act, 1920 , shall, as on and from the 11th day of April, 1962, be amended by the deletion of:

“the amount of duty which was payable immediately before the increase of duties on spirits provided for by the Finance Act, 1918 .”

and the substitution therefor of:

“whichever of the following amounts may be applicable in each case:

(a) as regards excise duty—

for every gallon of spirits computed at proof

14s. 9d.

(b) as regards customs duty—

in the case of any mixture, compound or preparation in bottle which is entered in such manner as to indicate that the strength is not to be tested, for every gallon of such mixture

£1 0s. 5d.

in any other case, for every gallon of spirits computed at proof

15s. 2d.”

(4) Nothing in this section shall operate to relieve from or to prejudice or affect the additional customs duties or the additional excise duty in respect of immature spirits imposed by section 9 of the Finance Act, 1926.