Imposition of Duties Act, 1957

Provisions relating to duties subject to licensing provisions.

3.—(1) This section applies to any customs duty in respect of which there is provision for the importation of goods by licence without payment of the duty whenever the Minister for Finance, after consultation with the Minister for Industry and Commerce or the Minister for Agriculture, as the case may be, so thinks proper.

(2) In relation to a duty to which this section applies, the Minister for Finance, if he considers it in the public interest so to do, may, with the consent of the other Minister referred to in subsection (1) in relation to that duty, by order—

(a) suspend the duty or its application to goods of a particular class or description, or

(b) exempt from the duty goods of a particular class or description.

(3) The Minister for Finance may, with the like consent, by order revoke or amend an order under this section.

(4) An order under subsection (2) may be made without limit as to time or for a specified period.