S.L. 406.1 ст. 4Contents of application. Cap. 336.

(1) The application referred to in regulation 3(3) shall include an itemised list of the goods held as trading stock by the applicant as on 31 December, 1998 and shall show the cost at which the applicant had acquired the said goods. Such goods shall be classified by category showing:

(a) Category A - goods on which excise tax on imports at the rate of 15% has been paid;

(b) Category B - goods on which excise tax on imports at the rate of 15% and excise tax on products at the rate of 5% has been paid;

(c) Category C - goods which were subject to a levy under the Local Manufacturers (Promotion) Act, and on which only excise tax on products at the rate of 5% has been paid;

(d) Category D - locally manufactured goods on which only excise tax on products at the rate of 5% has been paid;

(e) Category E - locally manufactured goods on which excise tax on imports at the rate of 15% and excise tax on products at the rate of 5% has been paid;

(f) Category F - goods exempt from excise tax.

(2) It shall also -

(a) include trading stock belonging to the applicant and held on consignment by another person;

(b) not include, subject to the provisions of paragraph (c), trading stock held on consignment by the applicant and belonging to another person;

(c) include goods held on consignment by the applicant if they form part of the trading stock belonging to a person who does not have a place of business in Malta and if the goods are imported goods on which the applicant paid excise tax on imports.