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SOLR_PROP

Finance Act, 1965

Hydrocarbon oils.

14.(1) In this section—

the Act of 1935” means the Finance Act, 1935 ;

the Act of 1964” means the Finance Act, 1964 .

(2) The duty of customs imposed by section 1 of the Finance (Customs Duties) (No. 4) Act, 1931 , shall, in respect of mineral hydrocarbon light oil chargeable with that duty, be charged, levied and paid as on and from the 12th day of May, 1965, at the rate of 3s. 4 1/12d. the gallon in lieu of the rate specified in subsection (2) of section 16 of the Act of 1964.

(3) The duty of excise imposed by section 1 of the Finance (Miscellaneous Provisions) Act, 1935, shall, in respect of mineral hydrocarbon light oil chargeable with that duty which is sent out, on or for sale or otherwise, from the premises of the manufacturer thereof on or after the 12th day of May, 1965, or is used by such manufacturer on or after that date for any purpose other than the manufacture or production of mineral hydrocarbon oil, be charged, levied and paid at the rate of 3s. 3 1/12 d. the gallon in lieu of the rate specified in subsection (3) of section 16 of the Act of 1964.

(4) The duty of customs imposed by section 21 of the Act of 1935 shall, in respect of hydrocarbon oil chargeable with that duty, be charged, levied and paid as on and from the 12th day of May, 1965, at the rate of 2s. 8[html]d. the gallon in lieu of the rate specified in subsection (4) of section 16 of the Act of 1964.

(5) As on and from the 12th day of May, 1965, the rate of any rebate allowed under subsection (2) of section 21 of the Act of 1935 shall—

(a) in respect of hydrocarbon oil on which such rebate is allowable and on which the duty of customs mentioned in subsection (4) of this section was paid at the rate of 2s. 8[html]d. the gallon, be 2s. 8[html]d. the gallon, and

(b) in respect of hydrocarbon oil on which such rebate is allowable and on which the duty of customs mentioned in subsection (4) of this section was, by virtue of paragraph 6 of the Imposition of Duties (No. 84) (Hydrocarbon Oils) (Customs Duties) Order, 1959 , paid at the rate of 2s. 7[html]d. the gallon, be 2s. 7[html]d. the gallon,

in lieu of the rate allowable immediately before the 12th day of May, 1965, by virtue of subsection (5) of section 16 of the Act of 1964.

(6) The duty of excise imposed by section 21 of the Act of 1935 shall, in respect of hydrocarbon oil chargeable with that duty which is sent out, on or for sale or otherwise, from the premises of the manufacturer thereof on or after the 12th day of May, 1965, or is used by such manufacturer on or after that date for any purpose other than the manufacture or production of hydrocarbon oil, be charged, levied and paid at the rate of 2s. 7[html]d. the gallon in lieu of the rate specified in subsection (6) of section 16 of the Act of 1964.

(7) As on and from the 12th day of May, 1965, the rate of any rebate allowed under subsection (4) of section 21 of the Act of 1935, in respect of hydrocarbon oil on which such rebate is allowable and on which the excise duty mentioned in subsection (6) of this section was paid at the rate of 2s. 7[html]d. the gallon, shall be 2s. 7[html]d. the gallon in lieu of the rate allowable immediately before the 12th day of May, 1965, by virtue of subsection (7) of section 16 of the Act of 1964.

(8) As on and from the 12th day of May, 1965, the rate of any repayment allowed under subsection (8) of section 10 of the Finance Act, 1957 , in respect of hydrocarbon oil on which such repayment is allowable and on which either—

(a) the excise duty mentioned in subsection (6) of this section was paid at the rate of 2s. 7[html]d. the gallon, or

(b) the customs duty mentioned in subsection (4) of this section was paid at the rate of 2s. 7[html]d. the gallon or 2s. 8[html]d. the gallon,

shall be 1s. 0d. the gallon in lieu of the rate allowable immediately before the 12th day of May, 1965.