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S.I. No. 181/1983 - Prices (Stabilisation of Profit Margins of Retailers of Motor Cars) Order, 1983.

S.I. No. 181 of 1983.

PRICES (STABILISATION OF PROFIT MARGINS OF RETAILERS OF MOTOR CARS) ORDER, 1983.

I, FRANK CLUSKEY, Minister for Trade, Commerce and Tourism, in exercise of the powers conferred on me by section 22C (inserted by the Prices (Amendment) Act, 1965 (No. 23 of 1965)) and section 22F (inserted by the Prices (Amendment) Act, 1972 (No. 20 of 1972)) of the Prices Act, 1958 (No. 4 of 1958), and the Industry, Commerce and Tourism (Alteration of Name of Department and Title of Minister) Order, 1981 ( S.I. No. 290 of 1981 ), hereby order as follows:

1. This Order may be cited as the Prices (Stabilisation of Profit Margins of Retailers ofMotor Cars) Order, 1983.

2. This Order shall come into operation on the 1st day of July, 1983.

3. In this Order "motor-car" means a vehicle which derives its motive power from an internal combustion engine and to which paragraph 6(d) of Part I of the Schedule to the Finance (Excise Duties) (Vehicles) Act, 1952 (No. 24 of 1952), applies.

4. (1) The amount in money by which the price at which a motor car is sold in the course of business by any person engaged in trade or commerce, being a retailer of motor cars, exceeds the price at which the car is bought by that person shall not exceed—

( a ) in case the car is sold by retail before the 1st day of January, 1984, and a duty of excise at the rate of an amount equal to 50 per cent of the value of the car is paid thereon, 29.9 per cent of the price at which the car is bought by that person,

( b ) in case the car is sold by retail before the said 1st day of January, 1984, and a duty of excise at the rate of an amount equal to 60 per cent of the value of the car is paid thereon, 31.9 per cent of the price at which the car is bought by that person,

( c ) in any other case, 25.5 per cent of the price at which the car is bought by that person.

(2) In paragraph (1) of this Article "price", in relation to a motor car, means the price at which the car is bought or sold, as the case may be, excluding any value added tax, duty of customs or duty of excise chargeable on the car.

5. The Prices (Stabilisation of Profit Margins of Retailers of Motor Vehicles) Order, 1975 ( S.I. No. 86 of 1975 ), is hereby revoked.

GIVEN under my Official Seal, this 29th day of June, 1983.

FRANK CLUSKEY.

Minister for Trade, Commerce

and Tourism.

EXPLANATORY NOTE.

This Order fixes the maximum profit margins which may be taken by retailers of motor cars and revokes the Prices (Stabilisation of Profit Margins of Retailers of Motor Vehicles) Order, 1975.