Finance Act, 1946

Reduction of duties on mineral hydrocarbon light oil.

10.—(1) The duty of customs imposed by section 1 of the Finance (Customs Duties) (No. 4) Act, 1931 (No. 43 of 1931), as amended by subsequent enactments, shall, in respect of mineral hydrocarbon light oil chargeable with that duty, be charged, levied and paid as on and from the 1st day of June, 1946, at the rate of nine pence the gallon in lieu of the rate now chargeable by virtue of subsection (1) of section 14 of the Finance Act, 1941 (No. 14 of 1941).

(2) The duty of excise imposed by section 1 of the Finance (Miscellaneous Provisions) Act, 1935 (No. 7 of 1935), as amended by subsequent enactments, 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 1st day of June, 1946, 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 seven pence the gallon in lieu of the rate now chargeable by virtue of subsection (2) of section 14 of the Finance Act, 1941 .