An Act to grant certain duties of Customs and Inland Revenue, to alter other duties, and to amend the Law relating to Customs and Inland Revenue . . .F1
[26th July 1901]
Textual Amendments
F1Words omitted under authority of Statute Law Revision Act 1927 (c. 42)
Commencement Information
I1Act partly in force at Royal Assent, partly retrospective; all provisions so far as unrepealed wholly in force at 1.2.1991.
Textual Amendments
Textual Amendments
Textual Amendments
F4S. 3 repealed by Finance Act 1906 (c. 8), s. 8(1), Sch. 2
Textual Amendments
Textual Amendments
F6Ss. 5, 7–9 repealed by Customs and Excise Act 1952 (c. 44), s. 320, Sch. 12 Pt. I
Textual Amendments
Textual Amendments
F8Ss. 5, 7–9 repealed by Customs and Excise Act 1952 (c. 44), s. 320, Sch. 12 Pt. I
(1)Where any new [F9customs duty] or new excise duty is imposed, or where any [F9customs duty] or excise duty is increased, and any goods in respect of which the duty is payable are delivered after the day on which the new or increased duty takes effect in pursuance of a contract made before that day, the seller of the goods may, in the absence of agreement to the contrary, recover, as an addition to the contract price, a sum equal to any amount paid by him in respect of the goods on account of the new duty or the increase of duty, as the case may be.
(2)Where any [F9customs duty] or excise duty is repealed or decreased, and any goods affected by the duty are delivered after the day on which the duty ceases or the decrease in the duty takes effect in pursuance of a contract made before that day, the purchaser of the goods, in the absence of agreement to the contrary, may, if the seller of the goods has had in respect of those goods the benefit of the repeal or decrease of the duty, deduct from the contract price a sum equal to the amount of the duty or decrease of duty, as the case may be.
(3)Where any addition to, or deduction from, the contract price may be made under this section on account of any new or repealed duty, such sum as may be agreed upon or in default of agreement determined by the Commissioners of Customs . . . F10, as representing in the case of a new duty any new expenses incurred, and in the case of a repealed duty any expenses saved, may be included in the addition to or deduction from the contract price, and may be recovered or deducted accordingly.
(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11
Textual Amendments
F9Words substituted by Customs and Excise Management Act 1979 (c. 2), Sch. 4 para. 12 Table Pt. I
F10Words repealed by Statute Law (Repeals) Act 1989 (c. 43), s. 1(1), Sch. 1 Pt. II Group 2
F11S. 10(4) repealed by Statute Law (Repeals) Act 1989 (c. 43), s. 1(1), Sch. 1 Pt. II Group 2
Modifications etc. (not altering text)
C1S. 10 amended by Finance Act 1902 (c. 7), s. 7, European Communities Act 1972 (c. 68), s. 6(6) and Excise Duties (Surcharges or Rebates) Act 1979 (c. 8), s. 3(2)
C2Reference to Commissioners of Customs and Commissioners of Inland Revenue to be construed as reference to Commissioners of Customs and Excise: Customs and Excise Management Act 1979 (c. 2), Sch. 4 para. 1
Textual Amendments
F12S. 11 repealed by Finance Act 1959 (c. 58), s. 37(5), Sch. 8 Pt. II
Textual Amendments
Textual Amendments
(1)This Act may be cited as the Finance Act 1901.
(2)Part I of this Act, so far as it relates to duties of customs, shall be construed together with the M1Customs Consolidation Act 1876, and the Acts amending that Act (in this Act referred to as the Customs Acts), and so far as it relates to duties of excise shall be construed together with the Acts which relate to the duties of excise and the management of those duties.
Marginal Citations
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F17Sch. 4 repealed by Finance Act 1906 (c. 8), s. 8(1), Sch. 2