S.L. 406.1 ст. 7Where applicant is a manufacturer.

Where the applicant is a manufacturer producing goods for the local market, and the trading stock consists of -

(a) goods directly imported by such manufacturer and on which excise tax on imports has been paid at the rate of 15%, including such goods incorporated in work in progress but excluding such goods as are incorporated in finished goods, such refund shall be at the rate of 15% of the invoice cost of the taxable goods paid on the importation of those goods, inclusive of the cost of freight and insurance, but excluding the excise tax on imports paid thereon;

(b) imported goods which were subject to excise tax on imports at the rate of 15% but which were purchased locally from third parties, including such goods incorporated in work in progress but excluding such goods as are incorporated in finished goods, such refund shall be at the rate of 12% of the invoice cost, but exclusive of excise tax on products paid thereon.