Version Superseded: 31/07/1998
Point in time view as at 01/02/1991. This version of this provision has been superseded.
There are currently no known outstanding effects for the Finance Act 1978, Paragraph 4.
4(1)In section (4) ascertainment of fair market price in country of origin) in subsection (1) (rules where goods are wholly produced in country of origin) for the words from “if” to “shall” there shall be substituted the words “ shall, subject to section 5(3) below ”.
(2)In subsection (3) of that section (cases in which the ordinary rule for ascertainment of the fair market price does not apply) after the word “can” there shall be inserted the word “ appropriately ”.
(3)In subsection (4) of that section (ascertainment of fair market price where goods are subject to a government trading monopoly) for the words from “either” to the end of the subsection there shall be substituted the words “with subsection (2) above, the fair market price shall be determined by the Secretary of State—
(a)in accordance with subsection (3) above, or
(b)by reference to such other price as he considers appropriate (making any necessary adjustments to ensure comparability),
according as the Secretary of State considers appropriate. ”
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