Finance Act, 1970

Amendment of section 5 of Finance Act, 1962.

31.—(1) Section 5 (5) of the Finance Act, 1962 , is hereby amended by the substitution of “4s. 6d. per lb. for each lb. thereof” for “1s. 6d. per lb. for each lb. thereof”.

(2) This section shall have, and be deemed to have had, effect in respect of tobacco received by licensed manufacturers of tobacco on or after the 11th day of April, 1970.