1.—(1) These Regulations may be cited as the Excise Duties (Deferred Payment) Regulations 1992 and shall come into force on 1st January 1993.
(2) The Excise Duties (Deferred Payment) Regulations 1983(1), the Excise Duties (Hydrocarbon Oils) (Deferred Payment) Regulations 1985(2), the Excise Duties (Deferred Payment) (Amendment) Regulations 1986(3) and the Excise Duties (Deferred Payment) (Amendment) Regulations 1989(4) are hereby revoked.
2. In these Regulations—
“approved person” means a person approved by the Commissioners under regulation 4 below;
“business day” means a day which is a business day within the meaning of section 92 of the Bills of Exchange Act 1882(5);
“hydrocarbon oils” means goods (except petrol substitutes, power methylated spirits and road fuel gas) chargeable with excise duty by virtue of the Hydrocarbon Oil Duties Act 1979 and includes composite goods containing hydrocarbon oils on which goods excise duty is chargeable;
“imported by a registered excise dealer and shipper” includes any importation where goods are moved under the instructions of a registered excise dealer and shipper or are, in accordance with registered excise dealers and shippers regulations, deemed to be so moved;
“made-wine” includes composite goods containing made-wine on which goods excise duty is chargeable;
“spirits” includes composite goods containing spirits on which goods excise duty is chargeable;
“payment day” has the meaning given by regulation 5 below;
“wine” includes composite goods containing wine on which goods excise duty is chargeable.
3. These Regulations shall apply to goods on which excise duty would, but for deferment granted by these Regulations, be payable on or after 1st January 1993; being goods of any of the following descriptions—
(a)wine, made-wine, cider, spirits, hydrocarbon oils; and
(b)beer imported by a registered excise dealer and shipper.
S.I. 1983/947.
S.I. 1985/1032.
S.I. 1986/910.
S.I. 1989/1368.
1882 c. 61 (45 & 46 Vict); section 92 was amended by the Banking and Financial Dealings Act 1971 (c. 80), sections 3 and 4.