Finance Act, 1976

Amendment of section 15 (charge of tax on imported goods) of Principal Act.

55.—Section 15 of the Principal Act is hereby amended by the substitution of the following paragraph for paragraph (a) of subsection (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 Regulation 14 of the European Communities (Customs) Regulations, 1972 , increased by the amount of any duty, levy or other tax (excluding value-added tax) payable in relation to their importation.”.