Finance (No. 2) Act 1992 (c. 48)

SCHEDULES

SCHEDULE 1 Amendments relating to excise duties etc.

The Customs and Excise Management Act 1979 (c. 2)

2 In section 43 of that Act (duty on imported goods)—

(a) in subsection (2), for “and (2C)” there shall be substituted “(2C) and (2D)”; and

(b) after subsection (2C) there shall be inserted the following subsection—

“(2D) Nothing in the provisions of subsections (1) and (2) above or of subsection (6) below or in any exception to any of those provisions made by or under any of sections 44 to 48 below shall have effect for the purposes of any duty of excise chargeable on any goods for which—

(a) the excise duty point is fixed by regulations under section 1 of the Finance (No. 2) Act 1992; and

(b) the applicable rate of duty is determined in accordance with subsection (2) of that section.”