Finance Act, 1961
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PART II. Customs and excise. | ||
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Tobacco. |
14.—(1) In this section— | |
“the Act of 1934” means the Finance Act, 1934 ; | ||
“the Act of 1960” means the Finance Act, 1960 . | ||
(2) The duty of customs on tobacco imposed by section 20 of the Finance Act, 1932 , shall, as on and from the 20th day of April, 1961, be charged, levied and paid at the several rates specified in Part I of the First Schedule to this Act in lieu of the several rates at which the said duty is now chargeable by virtue of section 19 of the Act of 1960. | ||
(3) The duty of excise on tobacco imposed by section 19 of the Act of 1934 shall, as on and from the 20th day of April, 1961, be charged, levied and paid at the several rates specified in Part II of the First Schedule to this Act in lieu of the several rates at which the said duty is now chargeable by virtue of section 19 of the Act of 1960. | ||
(4) Subsections (3) and (4) of section 19 of the Act of 1934 shall apply to tobacco which is chargeable with the duty of excise imposed by subsection (1) of that section at a rate specified in Part II of the First Schedule to this Act, and for the purpose of such application the reference in the said subsection (3) to the Sixth Schedule to the Act of 1934 shall be construed and have effect as a reference to Part II of the First Schedule to this Act. | ||
(5) The rebate on hard pressed tobacco mentioned in subsection (2) of section 17 of the Finance Act, 1940 , shall, in respect of any such tobacco sold and sent out for use within the State by any licensed manufacturer on or after the 20th day of April, 1961, be at the rate of thirteen shillings and four pence per pound. |