S.L. 406.1 · Value Added Tax (Refund Of Excise Tax On (S.L. 406.1)
S.L. 406.1 Art. 6Goods subject to levy in terms of the Local Manufacturers (Promotion) Act. Cap. 336.
Where the applicant is a retailer and the trading stock on which refund is being claimed were subject to a levy in terms of the
Local Manufacturers (Promotion) Act, and were therefore exempt from excise tax on imports, but on which excise tax on products at the rate of 5% has been paid, such refund shall be at the rate of 5% of the invoice cost, exclusive of the excise tax on products paid thereon.