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Finance Act, 1976

Amendment of section 34 (amendments relative to penalties) of Finance Act, 1963.

44.—Section 34 of the Finance Act, 1963, is hereby amended by the substitution, in subparagraph (i) of paragraph (c) and subparagraph (ii) of paragraph (d) of subsection (4) and in subsection (5) of “£500” for “one hundred pounds” and the said subparagraphs (i) and (ii) and subsection (5), as so amended, are set out in the Table to this section.

TABLE

(i) in case treble the estimated value exceeds £500, the offence shall be tried on indictment, and

(ii) where treble the value so determined exceeds £500, the offence shall be tried on indictment,

(5) An offence under any enactment of the Customs Acts, other than an enactment referred to in the foregoing subsections of this section, shall be tried on indictment if the penalty exceeds or may exceed £500.