Finance Act, 1974
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Amendment of Finance Act, 1920. |
77.—(1) In this section “goods to which this section applies” means— | |
(a) the mixtures, compounds and preparations mentioned in section 4 (1) of the Finance Act, 1918 , which are imported on or after the 1st day of August, 1974, and are recognised by the Revenue Commissioners as being used for medical purposes, and | ||
(b) the spirits mentioned in section 4 (2) of the said Finance Act, 1918 , which are used on or after the said 1st day of August, 1974, in the manufacture or preparation of any article so recognised or for scientific purposes. | ||
(2) The Finance Act, 1920 , shall, in respect of goods to which this section applies, be amended by the substitution of the following section for section 4: | ||
“4. Section 4 of the Finance Act, 1918 (which provides for the reduction and allowance of duty in respect of spirits used in medical preparations or for scientific purposes), shall apply to the duties on spirits imposed by this Act as it applies to duties on spirits imposed by that Act as though it were herein set out and expressly made applicable thereto, with the substitution for the sums specified in that section as the amount of reduction of duty or repayment of duty, of such sums as will relieve such spirits of the amount of duty payable thereon under this Act.”. |