S.L. 406.1 Art. 5ATrading of locally manufactured goods held by a wholesaler.

(1) Where the applicant is a wholesaler and the trading stock consists of locally manufactured goods consisting mainly or wholly of raw materials on which excise tax on imports has been paid, such refund shall be at the rate of 5% of the invoice cost, exclusive of excise tax on products paid thereon.

(2) An application by an applicant to whom subregulation (1) refers, shall be made separately on the forms set out in the First Schedule and shall clearly indicate that it refers to trading stock of locally manufactured goods on which excise tax on imports had been paid. The value of refund being claimed shall be entered in lieu of Category F shown on page 1 of the First Schedule.