Payment of tax.
Calculation of value.
6. On the first registration of every motor vehicle which, in the opinion of the Commissioner, is not a Commonwealth product, there shall be charged and paid, in addition to any tax or other charge imposed by any other enactment, Commonwealth Preference Tax equal to fifteen per cent of the value of such vehicle calculated in accordance with the provisions of section 7:
Provided that if tax was not paid in respect of a motor vehicle on first registration by reason of the fact that the owner of the motor vehicle was then, for any reason whatsoever, exempt from payment of such tax or that the vehicle was not then liable for such tax notwithstanding that it was not a Commonwealth product, tax shall be chargeable and paid on such motor vehicle on the first transfer thereof into the name of a person who is not exempt from payment of tax, or when the vehicle becomes liable for tax.
7. (1) Subject to the provisions of this Ordinance, the value of a motor vehicle, for the purposes of section 6, shall be-
(a) in the case of a new motor vehicle brought into the Colony in such state and condition as is required for first registration, the price which an importer would give for the motor vehicle, delivered, freight and insurance paid, to the Colony:
(8) in the case of a new motor vehicle brought into the Colony not in such state and condition as is referred to in paragraph (a), such amounts as are prescribed in that paragraph together with costs of all materials and work necessary to bring the motor vehicle into the state and condition referred to in that paragraph;
(c) in the case of a motor vehicle other than a new motor vehicle or a motor vehicle to which paragraph (4) applies-
(i) if the motor vehicle was brought into the Colony not later than fourteen days after it ceased to be a new motor vehicle, the price which an importer would have given for the motor vehicle delivered as a new motor vehicle, freight and insurance paid, to the Colony; or
() if the motor vehicle was brought into the Colony later than fourteen days after it ceased to be a new motor vehicle, the price which an importer would have given as aforesaid, less depreciation, at such rate and in such manner as may be prescribed, for the period from the date when the motor vehicle ceased to be a new molor vehicle until the date on which it was brought into the
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Colony, excluding therefrom any part of a month of less than fifteen days but counting any part of a month of fifteen or more days as the whole month; or
(i) in either case, where the price which an importer would have given as aforesaid cannot be ascertained, the market value (as determined by the Commissioner') of the vehicle in the Colony at the date on which it was brought into the Colony; or
(d) in the case of a motor vehicle which has been used within the Colony for any period prior to first registration, being a motor vehicle which during such period was not re- quired to be registered, and in the case of a motor vehicle in respect of which tax is payable under the proviso to section 6-
() if the motor vehicle was brought into the Colony in such state and condition as was required for first registra- tion, the price which an importer would, at the time it was brought into the Colony, have given for the vehicle delivered as a new motor vehicle, freight and insurance paid, to the Colony less depreciation, at such rate and in such manner as may be prescribed, for the period from the date when the vehicle ceased to be a new vehicle or from the date when it was brought into the Colony, whichever is the earlier, until the date when it became liable to tax (whether by reason of transfer or otherwise), excluding therefrom any part of a month of less than fifteen days but counting any part of a month of fifteen days or more as the whole month; or
() if the motor vehicle was brought into the Colony not in such state and condition as aforesaid, the price which an importer would, at the time it was brought into the Colony, have given for the vehicle delivered, freight and insurance paid, to the Colony, together with the cost of all materials and work necessary to bring the motor vehicle into the state and condition as was then required for first registration, less depreciation, at such rate and in such manner as may be prescribed, for the same period as is specified in sub-paragraph (i); or
(i) in either case, if the value as aforesaid cannot be ascertained, the market value (as determined by the Commissioner) of the motor vehicle in the Colony at the date when it became liable to tax (whether by reason of transfer or otherwise).