Finance Act, 1994
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Amendment of section 7 (ascertainment of retail prices of tobacco products) of Principal Act. |
72.—Section 7 of the Principal Act is hereby amended in subsection (3) by the insertion of the following paragraph after paragraph (b): | |
“(c) A person shall not invite an offer to treat, offer for sale or sell by retail any packet of cigarettes at a price which is higher than the price on the basis of which that part of the excise duty imposed by section 2 of this Act which is chargeable by reference to the price at which the cigarettes are sold by retail has been charged on the cigarettes in question and any person who so invites, offers or sells shall be guilty of an offence and shall be liable on conviction to an excise penalty of £50 in respect of each such offence.”. |