Customs and Excise Management Act 1979

Finance Act 1972

9 In section 17 of the [1972 c. 41.] Finance Act 1972, after subsection (1) there shall be inserted the following subsection—

“(1A) Section 125(3) of the Customs and Excise Management Act 1979 shall have effect in its application by virtue of subsection (1) of this section as if the reference to subsections (1) and (2) of that section included a reference to section 11 of this Act.”

10 In section 17 of the Finance Act 1972, for subsection (2) there shall be substituted the following subsection—

“(2) The following provisions of the Customs and Excise Management Act 1979 shall be excepted from the enactments which are to have effect as mentioned in subsection (1) of this section, that is to say—

(a) section 43(5) (re-importation);

(b) section 125(1) and (2) (valuation of goods imported);

(c) section 126 (charge of duty on manufactured or composite imported articles);

(d) section 127(1)(b) (declaration as to duty payable); and

(e) section 174 (Isle of Man).”

11 In section 27 of the [1972 c. 41.] Finance Act 1972, for subsection (1) (as originally enacted) there shall be substituted the following subsection—

“(1) Where imported goods subject to a duty of customs or excise or a duty of customs and a duty of excise are supplied while warehoused, the supply shall be disregarded for the purposes of this Part of this Act if the goods are supplied before payment of the duty to which they are subject or, where they are subject to a duty of customs and a duty of excise, of the duty of excise.”