(1)A chargeable plastic packaging component is imported into the United Kingdom—
(a)in the case of a component that is subject to customs formalities within the meaning given by section 1(1) of CEMA 1979, as soon as all such formalities have been complied with in respect of the component, and
(b)in any other case, at the time of importation for the purposes of the customs and excise Acts.
(2)This section is subject to section 76 (Isle of Man: import and export of chargeable plastic packaging components).