Finance Act, 1946
|
PART II. Customs and Excise. | ||
|
Alteration of rates of duties on spirits. |
7.—(1) The Finance Act, 1920 , as amended by section 7 of the Finance (No. 2) Act, 1939 (No. 33 of 1939), shall, as on and from the 9th day of May, 1946, be amended by the substitution in Part I of the First Schedule to the said Finance Act, 1920 , of the matter set out in the First Schedule to this Act for the matter inserted therein by the said section 7, and subsection (1) of section 3 of the said Finance Act, 1920 , shall have effect accordingly. | |
(2) The duty of excise imposed by subsection (2) of section 3 of the Finance Act, 1920 , shall, as on and from the 9th day of May, 1946, be charged, levied and paid at the rate of four pounds and fifteen shillings the gallon (computed at proof) in lieu of the rate chargeable by virtue of subsection (2) of section 7 of the Finance (No. 2) Act, 1939 . | ||
(3) Nothing in this section shall operate to relieve from or to prejudice or affect the additional customs duties or the additional excise duty in respect of immature spirits imposed by section 9 of the Finance Act, 1926 (No. 35 of 1926). |