Finance Act, 1963

Withdrawing goods from stock.

51.—(1) A person withdrawing goods from stock for his own use or for the use of any other person, shall, for the purposes of this Part of this Act, be deemed thereby to have received payment in respect of a sale of the goods at the retail price current at the time of the withdrawal.

(2) The foregoing subsection does not apply in the case of a withdrawal of goods, not being goods of any of the descriptions specified in the Second Schedule to this Act, if the goods are required by the person withdrawing them exclusively for the purposes of his business.