AI Summary of 129. Applicability of excise statutes.
The statutory provisions governing excise duties and their administration will apply, with necessary modifications, to the duties outlined in this Chapter. This ensures that the existing framework governing excise is extended to encompass the newly instituted duties, thereby promoting regulatory consistency and clarity.
Compliance professionals must be attentive to the implications of these modifications, ensuring that all instruments relating to duty management adhere to the prescribed standards. This alignment not only supports effective governance but also mitigates potential compliance risks associated with the newly imposed duties.
129. Applicability of excise statutes.
Amendments (requiring commencement) by s. 63 of the Finance Act 2025 (No. 18), published 23 December 2025.
The provisions of the statutes which relate to the duties of excise and the management thereof and of any instrument relating to duties of excise made under statute shall, with any necessary modifications, apply in relation to the duty imposed by this Chapter as they apply to duties of excise.