Value-Added Tax Act, 1972

Charge of tax on imported goods.

15.—(1) Subject to subsection (2), sections 3 to 10, 12, 14, 16 to 19, 21 to 26, 32 to 37, 39, 40 and 42 shall not apply to tax provided for by section 2 (1) (b) and, as on and from the specified day that tax shall be charged—

(a) on goods of a kind specified in Part I of the Third Schedule at the rate of 5·26 per cent. of the value of the goods,

(b) on goods of a kind specified in the Fourth Schedule at the rate of 30·26 per cent. of the value of the goods, and

(c) on all other goods at the rate of 16·37 per cent. of the value of the goods.

(2) (a) Subject to paragraph (b), tax as aforesaid shall not be charged on—

(i) goods imported by a registered person for the purposes of his business, or

(ii) goods of a kind specified in paragraphs (vi) to (viii) of the Second Schedule or the delivery of which would be an exempted activity.

(b) Where a person imports goods of a kind specified in the Fourth Schedule, paragraph (a) shall not apply in relation to the goods unless the importer is a manufacturer of goods of the kind imported.

(3) Subject to the foregoing provisions of this section, the provisions of the Customs Consolidation Act, 1876 , and the enactments amending that Act and other enactments relating to customs (but excluding section 11 of the Finance (Miscellaneous Provisions) Act, 1958 ), shall apply to tax referred to in this section as if it were a duty of customs:

Provided however that section 6 of the Customs and Inland Revenue Act, 1879 , and section 25 (2) of the Finance Act, 1933 , shall so apply only in relation to goods which are being reimported by the person who exports them.

(4) (a) Subject to paragraph (b), the value of any goods for the purpose of this section shall be their value as ascertained in accordance with section 15 of, and the Third Schedule to, the Finance Act, 1952 , increased by the amount of any customs duty payable thereon.

(b) The value of livestock for the purposes of this section shall be 19·20 per cent. of their value as ascertained in accordance with paragraph (a).