Customs (Import Deposits) Act 1968
CH. 74
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ELIZABETH II
1968 CHAPTER 74
An Act to grant a new duty of customs repayable after a
specified period.
Most Gracious Sovereign,
W
[5th December 1968]
E, Your Majesty's most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty's public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto Your Majesty the duties hereinafter men- tioned; and do therefore most humbly beseech Your Majesty that it may be enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:-
1. (1) Subject to the provisions of this Act, there shall be Charge of charged on all goods imported into the United Kingdom a duty import
deposits. of customs, to be known as an import deposit, which, subject to subsection (11) of this section, shall be fifty per cent of the value of the goods.
(2) An import deposit shall become repayable to the person by whom it was paid at the end of a period of 180 days beginning with the day on which it was paid; and where the entry of any goods names a person as having paid the import deposit in respect thereof, payment by the Commissioners to that person shall be a complete discharge of their liability under this sub- section in respect of the import deposit paid on those goods.
(3) The import deposit chargeable on any goods shall be payable in addition to any other duty of customs for the time being
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