7
2
ہو
Clause 3 of the Bill seeks to amend the
schedule to the principal Ordinance which stipulates the
rates of duty payable on various tobacco products. On
the basis that the current level of revenue yield is to
be maintained, a uniform duty rate of $165 per 1 000
local and imported brands
brands is proposed.
cigarettes for
Duties on other tobacco products, that is cigars, smoking
tobacco and Chinese prepared tobacco, will continue to be
levied according to weight.
5.
In the light of my earlier statement and having
regard to the fact that the new duty structure is now in
operation and largely accepted, although as expected,
there have been some mildly critical comments by sectors
of the industry, I propose that the three readings of
this Bill be taken at today's sitting.
6.
Sir, I beg to move.
Motion made. That the debate on the Second Reading of the Bill be adjourned.
proposed,
Question put and agreed to.
Bill read the second time.
Bill committed to a Committee of the whole Council
pursuant
to Manding
Order 43(4).