BUDGET (SUPPLEMENTARY PROVISIONS) ACT, 1974 (N.R.C.D. 274)

BUDGET (SUPPLEMENTARY PROVISIONS) ACT, 1974 (N.R.C.D. 274)

DATE OF ISSUE: 27th August, 1974.

DATE OF GAZETTE NOFICATION: 30th August, 1974.

AN ACT to validate certain acts in relation to the budget and to provide for related matters.

1. Liability to pay duties and taxes

Unless the Minister responsible for Finance otherwise directs by notice published in the Gazette, all departments of State and all statutory corporations shall, despite anything to the contrary in any other enactment, be deemed to be liable to pay import duty, excise duty, sales tax and vehicle purchase tax imposed by an enactment.

2. N.R.C.D. 215 repealed

(1) The Customs and Excise (Amendment) Decree, 1973 (N.R.C.D. 215) is hereby repealed.

(2) With effect from the 23rd day of August, 1974 the Second Schedule to the Customs and Excise Decree, 1972 (N.R.C.D. 114) shall be deemed not to have been amended by section 1 of the Customs and Excise (Amendment) Decree, 1973 (N.R.C.D. 215).

3. N.R.C.D. 221 repealed

(1) The Hotels and Restaurants (Taxation) Decree, 1973 (N.R.C.D. 221) is hereby repealed and shall be deemed never to have had effect.

(2) The Hotels and Restaurants (Taxation) Decree, 1973 (N.R.C.D. 198) shall continue in force.

4. N.R.C.D. 214 repealed

The Budget (Supplementary Provisions) Decree, 1973 (N.R.C.D. 214) is hereby repealed.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close