|CHAPTER 1 - CUSTOMS AND EXCISE (1ST BOOKLET) CODE | HOME|
|127C. Value of goods for excise duty purposes.|
|Dumping and subsidy defined.||Adjustment for fractions of a shilling.|
|Value of goods for excise duty purposes.
8 of 1991, s.11, 4 of 1993, s.14, 6 of 1994, s. 4, 8 of 1996, s.4, 6 of 2001, s. 5, 7 of 2002, s.8, 15 of 2003, s. 12, s.13, 4 of 2004, 10 of 2010,s.5., A 4 of 2012, s.4., A 57 of 2012, s.3.
127C. (1) The value of imported goods for purposes of levying excise duty shall be the sum of -
(a) the value of such goods ascertained for the purpose of import duty; and
(b) the amount of import duty, suspended duty and dumping duty if any.
(2) The value of locally manufactured goods for purposes of levying ad valorem excise duty shall be the ex-factory selling price.
(3) For the purposes of subsection (2), the ex-factory selling price shall be determined in accordance with Part II of the seventh schedule include -
(a) value added tax;
(b) cost of returnable containers; or
(c) cost of excise stamps
(d) the cost of any returnable package, box, bottle or container.
(4) (Deleted by 15 of 2003, s. 12.)