Income Tax Act, 1967.
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Goods exported by the Pigs and Bacon Commission and An Bord Bainne. |
401.—(1) Where, whether before or after the passing of this Act— | |
(a) a company, in compliance with a requirement under section 23 of the Pigs and Bacon (Amendment) Act, 1961 , sells bacon to the Pigs and Bacon Commission, and | ||
(b) the bacon is exported out of the State by or on behalf of the Commission, | ||
this Chapter shall apply as if the bacon had been exported out of the State by the company, and any amount receivable by the company from the sale of the bacon to the Commission shall be deemed for the purposes of this Chapter to be an amount receivable from the sale of goods so exported. | ||
(2) Where, whether before or after the passing of this Act— | ||
(a) by virtue of an order under section 57 of the Dairy Produce Marketing Act, 1961 , a company which manufactures a milk product within the meaning of that Act other than butter— | ||
(i) is totally prohibited from exporting the product, or | ||
(ii) is prohibited from exporting the product to any specified country or countries, | ||
(b) the product is sold by the company to An Bord Bainne (hereafter in this subsection referred to as the Board), and | ||
(c) in a case in which paragraph (a) (i) applies, the product is exported by the Board or, in a case in which paragraph (a) (ii) applies, the product is exported by the Board to the specified country or any of the specified countries, this Chapter shall apply as if the product had been exported out of the State by the company, and any amount receivable by the company from the sale of the product to the Board shall be deemed for the purposes of this Chapter to be an amount receivable from the sale of goods so exported. | ||
(3) For the purposes of subsection (2), exportation shall be deemed not to be prohibited unless the Minister for Agriculture and Fisheries certifies that he is not prepared to license it. |