SCHEDULE 5

GOODS LIABLE TO EXCISE DUTY

SCHEDULE  7

GOODS EXEMPTED FROM EXCISE DUT

The following goods are exempted from excise duty –

(a)       goods exported;

(b)       goods used in the manufacture of other excisable products where excise duty will be paid on the final products; and

(c)        goods which have become spoilt or otherwise unfit for use prior to delivery from the entered premises and so certified by the appropriate health officer or otherwise so established to the satisfaction of the Comptroller General  of Customs and Excise.

SCHEDULE 8

VALUE OF GOODS FOR THE PURPOSES OF EXCISE DUTY

The value of goods liable to excise duty shall be: –

(a)       the price declared by the manufacturer to be the price, exclusive of excise duty and before reduction of trade discounts, at which the goods liable to duty are ordinarily sold by him ex-factory; or

(b)       the distributor’s wholesale price, where the manufacturer is a distributor or where the manufacturer and the distributor are associated companies; or

(c)        the retail price, where the associated company or the manufacturer sells retail; or

(d)       if it appears to the Board that the price so declared is less than the cost of manufacture of the goods and all profits taken or to be taken by the manufacturer in respect thereof, a sum which, in the opinion of the Board is equal to such cost together with such profit; or

(e)       in the case of cigarettes:-

(i)                 the manufacturer’s net ex-factory price excludes excise; or

(ii)               if it appears to the Board that the price so declared is less than the cost of manufacture of the cigarettes together with the excise duty thereon; and all profits taken or to be taken by the manufacturer in respect thereof, then a sum which in the opinion of the Board is equal to such costs together with such excise duty and profits.