Finance Act, 1974

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Export of certain goods.

68.—(1) In this section—

“the Board” means An Bord Bainne Co-operative Limited;

“the Commission” means the Pigs and Bacon Commission;

“milk product” means butter, whey-butter, cream, cheese, condensed milk, dried or powdered milk, dried or powdered skim-milk, dried or powdered whey, chocolate crumb, casein, butter-oil, lactose, and any other product which is made wholly or mainly from milk or from a by-product of milk and which is approved for the purposes of this section by the Minister for Finance after consultation with the Minister for Agriculture and Fisheries;

“pigmeat product” means bacon and cuts thereof including ham, pork carcases and pork sides and cuts thereof, unrendered pig fat and canned pigmeat products;

“the relevant enactments” means Part III of the Finance (Miscellaneous Provisions) Act, 1956 , and Chapter IV of Part XXV of the Income Tax Act, 1967 .

(2) Where, whether before or after the passing of this Act—

(a) a body corporate produces a pigmeat product and sells it to the Commission, and

(b) that product is exported out of the State by the Commission.

the relevant enactments shall apply as if the said product had been exported out of the State by the body corporate, and any amount receivable by the body corporate from the sale of the said product to the Commission shall be deemed for the purposes of the relevant enactments to be an amount receivable from the sale of goods so exported.

(3) Where, whether before or after the passing of this Act—

(a) a body corporate manufactures a milk product and sells it to the Board, and

(b) that product is exported out of the State by the Board,

the relevant enactments shall apply as if the said product had been exported out of the State by the body corporate, and any amount receivable by the body corporate from the sale of the said product to the Board shall be deemed for the purposes of the relevant enactments to be an amount receivable from the sale of goods so exported.