Finance Act, 2003

FINANCE ACT, 2003. ARRANGEMENT OF SECTIONS. Section PART I PRELIMINARY. 1. Short title. PART II DRAWBACK OF DUTY AND IMPORT COMMISSION. 2. [Repealed] PART III AMENDMENT TO THE FINANCE ACT (NO. 2), 1996 CAP. 185. 3. Amendment of section 1 of the Finance Act (No. 2), 1996 Cap. 185. PART IV AMENDMENTS TO THE FINANCE (NO. 2) ACT 2002. 4. Substitution of First Schedule to the Finance (No. 2) Act 2002. 5. Amendment of Second Schedule to the Finance (No. 2) Act 2002. 6. Repeal of sections 5, 6, 7 and 8 of the Finance (No. 2) Act 2002. PART V TAXES REMITTED UNDER THE EXCISE TARIFF ACT CAP. 338 AND THE CUSTOMS TARIFF ACT, CAP. 337. 7.-10. [Repealed] First Schedule Manufacturers entitled to claim duty drawback in accordance with section 2 of the Act. Second Schedule [Repealed]. Third Schedule Fourth Schedule Amendments to the Third Schedule to the Finance (No. 2) Act, 2002. FINANCE ACT, 2003. Commencement: 1 July 2003. An Act to provide for the alteration of certain taxes and duties, to amend certain written laws relating to those taxes and duties, and for other related purposes. PART I PRELIMINARY. 1. Short title. This Act may be cited as the Finance Act, 2003.

elating to those taxes and duties, and for other related purposes. PART I PRELIMINARY. 1. Short title. This Act may be cited as the Finance Act, 2003.

PART II DRAWBACK OF DUTY AND IMPORT COMMISSION. 2... PART III AMENDMENT TO THE FINANCE ACT (NO. 2), 1996 CAP. 185. 3. Amendment of section 1 of the Finance Act (No. 2), 1996 Cap. 185. The Finance Act (No. 2) 1996 is amended in section 1 by substituting for subsection (2), the following subsection— "(2) The import commission charged under subsection (1) shall not apply to— ( a ) plant and machinery imported free of duty; ( b ) scholastic materials and pharmaceutical products which are exempt or zero-rated for purposes of value added tax; ( c ) instruments and appliances used in medical, surgical, dental or veterinary services or laboratories imported free of duty; ( d ) raw materials; ( e ) agricultural and horticultural inputs imported free of import duty; ( f ) goods subject to conditional exemptions specified in Part II of the Second Schedule to the Finance (No. 2) Act 2002; and ( g ) imports by Government." PART IV AMENDMENTS TO THE FINANCE (NO. 2) ACT 2002. 4. Substitution of First Schedule to the Finance (No. 2) Act 2002. For the First Schedule to the Finance (No. 2) Act, 2002, there is substituted the provisions of the Second Schedule to this Act. 5.

(No. 2) Act 2002. For the First Schedule to the Finance (No. 2) Act, 2002, there is substituted the provisions of the Second Schedule to this Act. 5.

Amendment of Second Schedule to the Finance (No. 2) Act 2002. The Second Schedule to the Finance (No. 2) Act 2002 is amended in the manner specified in the Third Schedule to this Act. 6. Repeal of sections 5, 6, 7 and 8 of the Finance (No. 2) Act 2002. Sections 5, 6, 7 and 8 of the Finance (No. 2) Act 2002 are repealed. PART V TAXES REMITTED UNDER THE EXCISE TARIFF ACT CAP. 338 AND THE CUSTOMS TARIFF ACT, CAP. 337. 7.-10 [Repealed] First Schedule . s. 2. Manufacturers entitled to claim duty drawback in accordance with section 2 of the Act. Manufacturers of soft drinks, juices, beer, bread, sweets and biscuits. Second Schedule . [Repealed]. Third Schedule . s. 5. PART I AMENDMENTS TO PART I OF THE SECOND SCHEDULE, TO THE FINANCE (NO. 2) ACT, 2002. H. S.

uits. Second Schedule . [Repealed]. Third Schedule . s. 5. PART I AMENDMENTS TO PART I OF THE SECOND SCHEDULE, TO THE FINANCE (NO. 2) ACT, 2002. H. S.

Code Description Unit of Qty Import Duty COMESA Duty Excise Duty VAT 0601.10.00 Bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormant U 0% 0% 17% 0601.20.00 Bulbs, tubers, tuberous roots, corms, crowns and rhizomes, in growth or in flower; chicory plants and roots U 0% 0% 17% 0901.11.00 Not decaffeinated kg 7% 4% 17% 1003.00.00 Barley kg 0% 0% Ex 1301.20.00 Gum Arabic kg 0% 0% 17% 1301.90.00 Other kg 0% 0% 17% 1302.20.00 Pectic substances, pectinates and pectates kg 0% 0% 17% 1511.10.00 Crude oil kg 0% 0% 17% 2101.11.00 Extracts, essences and concentrates kg 0% 0% 17% 2202.10.00 Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavoured: L 15% 6% 13% 17% 2202.90.00 Other L 15% 6% 13% 17% Unmanufactured tobacco; tobacco refuse 2401.10.00 Tobacco, not stemmed/stripped kg 15% 6% 10% 17% 2401.20.00 Tobacco, partly or wholly stemmed/stripped kg 15% 6% 10% 17% 2401.30.00 Tobacco refuse kg 15% 6% 10% 17% Cigars, cheroots and cigarillos, containing tobacco 2402.10.10 Up to 70mm long kg 15% 6% 130% or Shs. 15,000 per 1,000 sticks whichever is higher 17% 2402.10.90 More than 70mm long kg 15% 6% 130% or Shs.

402.10.10 Up to 70mm long kg 15% 6% 130% or Shs. 15,000 per 1,000 sticks whichever is higher 17% 2402.10.90 More than 70mm long kg 15% 6% 130% or Shs.

25,000 per 1,000 sticks whichever is higher 17% Cigarettes containing tobacco 2402.20.10 Up to 70mm long kg 15% 6% 130% or Shs. 15,000 per 1,000 sticks whichever is higher 17% 2402.20.90 More than 70mm long kg 15% 6% 130% or Shs. 25,000 per 1,000 sticks whichever is higher 17% Other 2402.90.10 Up to 70mm long kg 15% 6% 130% or Shs. 15,000 per 1,000 sticks whichever is higher 17% 2402.90.90 More than 70mm long kg 15% 6% 130% or Shs.

402.90.10 Up to 70mm long kg 15% 6% 130% or Shs. 15,000 per 1,000 sticks whichever is higher 17% 2402.90.90 More than 70mm long kg 15% 6% 130% or Shs.

25,000 per 1,000 sticks whichever is higher 17% Other manufactured tobacco and manufactured tobacco substitutes; "homogenized" or "reconstituted" tobacco; tobacco extracts and essences 2403.10.00 Smoking tobacco, whether or not containing tobacco substitutes in any proportion kg 15% 6% 130% 17% 2403.91.00 "Homogenised" or "reconstituted" tobacco kg 15% 6% 130% 17% 2403.99.00 Other kg 15% 6% 130% 17% 2505.10.00 Silica sands and quartz sands kg 7% 4% 17% 2505.90.00 Other kg 0% 0% 17% 2816.40.00 Oxides, hydroxides and peroxides, of strontium or barium kg 0% 0% 17% 2818.10.00 Artificial corundum, whether or not chemically defined kg 0% 0% 17% 2818.20.00 Aluminium oxide, other than artificial corundum kg 0% 0% 17% 2819.10.00 Chromium trioxide kg 0% 0% 17% 2819.90.00 Other kg 0% 0% 17% 2820.10.00 Manganese dioxide kg 0% 0% 17% 2821.10.00 Iron oxides and hydroxides kg 0% 0% 17% 2821.20.00 Earth colours kg 0% 0% 17% 2822.00.00 Cobalt oxides and hydroxides; commercial cobalt oxides kg 0% 0% 17% 2824.10.00 Lead monoxide (litharge, massicot) kg 0% 0% 17% 2824.20.00 Red lead and orange lead kg 0% 0% 17% 2824.90.00 Other kg 0% 0% 17% 2825.10.00 Hydrazine and hydroxylamine and their inorganic salts kg 0% 0% 17% 2825.20.00 Lithium oxide and hydroxide kg 0% 0% 17% 2825.30.00 Vanadium oxides and hydroxides kg 0% 0% 17% 2825.40.00 Nickel oxides and hydroxides kg 0% 0% 17% 2825.50.00 Copper oxides and hydroxides kg 0% 0% 17% 2825.60.00 Germanium oxides and zirconium dioxide kg 0% 0% 17% 2825.70.00 Molybdenum oxides and hydroxides kg 0% 0% 17% 2825.80.00 Antimony oxides kg 0% 0% 17% 2825.90.00 Other kg 0% 0% 17% 2826.11.00 Of ammonium or of sodium kg 0% 0% 17% 2826.12.00 Of aluminium kg 0% 0% 17% 2826.20.00 Fluorosilicates of sodium or of potassium kg 0% 0% 17% 2826.30.00 Sodium hexafluoroaluminate (synthetic cryolite) kg 0% 0% 17% 2826.90.00 Other Kg 0% 0% 17% 2827.31.00 Of magnesium kg 0% 0% 17% 2827.32.00 Of aluminium kg 0% 0% 17% 2842.90.00 Other kg 0% 0% 17% 2843.10.00 Colloidal precious metals kg 0% 0% 17% 2843.21.00 Silver nitrate kg 0% 0% 17% 2843.29.00 Other kg 0% 0% 17% 2843.30.00 Gold compounds kg 0% 0% 17% 2843.90.00 Other compounds; amalgams kg 0% 0% 17% 2844.10.00 Natural uranium and its compounds; alloys, dispersions (including cermets), ceramic products and mixtures containing natural uranium or natural uranium compounds kg 0% 0% 17% 2844.20.00 Uranium enriched in U 235 and its compounds; plutonium and its compounds; alloys, dispersions (including cermets), ceramic products and mixtures containing uranium enriched in U 235, plutonium or compounds of these products kg 0% 0% 17% 2844.30.00 Uranium depleted in U 235 and its compounds; thorium and its compounds; alloys, dispersions (including cermets), ceramic products and mixtures containing uranium depleted in U 235, thorium or compounds of these products kg 0% 0% 17% 2844.40.00 Radioactive elements and isotopes and compounds other than those of subheading 2844.10, 2844.20 or 2844.30; alloys, dispersions (including cermets), ceramic products and mixtures containing these elements, isotopes or compounds; radioactive residues kg 0% 0% 17% 2844.50.00 Spent (irradiated) fuel elements (cartridges) of nuclear reactors kg 0% 0% 17% 2845.10.00 Heavy water (deuterium oxide) kg 0% 0% 17% 2845.90.00 Other kg 0% 0% 17% 2846.10.00 Cerium compounds kg 0% 0% 17% 2846.90.00 Other kg 0% 0% 17% 2848.00.00 Phosphides, whether or not chemically defined, excluding ferrophosphorus kg 0% 0% 17% 2849.20.00 Of silicon kg 0% 0% 17% 2850.00.00 Hydrides, nitrides, azides, silicides and borides, whether or not chemically defined, other than compounds which are also carbides of heading 28.49 kg 0% 0% 17% 2851.00.00 Other inorganic compounds (including distilled or conductivity water and water of similar purity); liquid air (whether or not rare gases have been removed); compressed air; amalgams, other than amalgams of precious metals kg 0% 0% 17% 2901.10.00 Saturated kg 0% 0% 17% 2901.21.00 Ethylene kg 0% 0% 17% 2901.22.00 Propene (propylene) kg 0% 0% 17% 2901.23.00 Butene (butylene) and isomers thereof kg 0% 0% 17% 2901.24.00 Buta-1,3-diene and isoprene kg 0% 0% 17% 2902.11.00 Cyclohexane kg 0% 0% 17% 2902.19.00 Other kg 0% 0% 17% 2902.20.00 Benzene kg 0% 0% 17% 2902.42.00 m-Xylene kg 0% 0% 17% 2902.43.00 p-Xylene kg 0% 0% 17% 2902.44.00 Mixed xylene isomers kg 0% 0% 17% 2902.60.00 Ethylbenzene kg 0% 0% 17% 2902.70.00 Cumene kg 0% 0% 17% 2903.11.00 Chloromethane (methyl chloride) and chloroethane (ethyl chloride) kg 0% 0% 17% 2903.13.00 Chloroforme (trichloromethane) kg 0% 0% 17% 2903.14.00 Carbon tetrachloride kg 0% 0% 17% 2903.15.00 1,2-Dichloroethane (ethylene dichloride) kg 0% 0% 17% 2903.19.00 Other kg 0% 0% 17% 2903.21.00 Vinyl chloride (chloroethylene) kg 0% 0% 17% 2903.22.00 Trichloroethylene kg 0% 0% 17% 2903.23.00 Tetrachloroethylene (perchloroethylene) kg 0% 0% 17% 2903.29.00 Other kg 0% 0% 17% 2903.30.00 Fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons kg 0% 0% 17% 2903.41.00 Trichlorofluoromethane kg 0% 0% 17% 2903.42.00 Dichlorodifluoromethane kg 0% 0% 17% 2903.43.00 Trichlorotrifluoroethanes kg 0% 0% 17% 2903.44.00 Dichlorotetrafluoroethanes and chloropentafluoroethane kg 0% 0% 17% 2903.45.00 Other derivatives perhalogenated only with fluorine and chlorine kg 0% 0% 17% 2903.46.00 Bromochlorodifluoromethane, bromotrifluoromethane and dibromotetrafluoroethanes kg 0% 0% 17% 2903.47.00 Other perhalogenated derivatives kg 0% 0% 17% 2903.49.00 Other kg 0% 0% 17% 2903.51.00 1,2,3,4,5,6-Hexachlorocyclohexane kg 0% 0% 17% 2903.59.00 Other kg 0% 0% 17% 2903.61.00 Chlorobenzene, o-dichlorobenzene and p-dichlorobenzene kg 0% 0% 17% 2903.62.00 Hexachlorobenzene and DDT (1,1,1-trichloro-2,2-bis (p-chlorophenyl) ethane) kg 0% 0% 17% 2903.69.00 Other kg 0% 0% 17% 2904.10.00 Derivatives containing only sulpho groups, their salts and ethyl esters kg 0% 0% 17% 2904.20.00 Derivatives containing only nitro or only nitroso groups kg 0% 0% 17% 2904.90.00 Other kg 0% 0% 17% 2905.11.00 Methanol (methyl alcohol) L 0% 0% 17% 2905.14.00 Other butanols L 0% 0% 17% 2905.15.00 Pentanol (amylalcohol) and isomers thereof L 0% 0% 17% 2905.17.00 Dodecan-1-ol (lauryl alcohol), hexadecan-1-ol (cetyl alcohol) and octadecan-1-ol (stearyl alcohol) L 0% 0% 17% 2905.19.00 Other L 0% 0% 17% 2905.22.00 Acyclic terpene alcohols L 0% 0% 17% 2905.29.00 Other L 0% 0% 17% 2905.39.00 Other L 0% 0% 17% 2905.43.00 Mannitol L 0% 0% 17% 2905.45.00 Glycerol L 0% 0% 17% 2905.49.00 Other L 0% 0% 17% 2905.51.00 Ethchlorvynol (INN) L 0% 0% 17% 2905.59.00 Other L 0% 0% 17% 2906.11.00 Menthol L 0% 0% 17% 2906.12.00 Cyclohexanol, methylcyclohexanols and imethylcyclohexanols L 0% 0% 17% 2906.13.00 Sterols and inositols L 0% 0% 17% 2906.14.00 Terpineols L 0% 0% 17% 2906.19.00 Other L 0% 0% 17% 2906.29.00 Other L 0% 0% 17% 2907.11.00 Phenol (hydroxybenzene) and its salts L 0% 0% 17% 2907.12.00 Cresols and their salts L 0% 0% 17% 2907.13.00 Octylphenol, nonylphenol and their isomers; salts thereof L 0% 0% 17% 2907.14.00 Xylenols and their salts L 0% 0% 17% 2907.15.00 Naphthols and their salts L 0% 0% 17% 2907.19.00 Other L 0% 0% 17% 2907.21.00 Resorcinol and its salts L 0% 0% 17% 2907.22.00 Hydroquinone (quinol) and its salts L 0% 0% 17% 2907.23.00 4,4'-Isopropylidenediphenol (bisphenol A, diphenylolpropane) and its salts L 0% 0% 17% 2907.29.00 Other L 0% 0% 17% 2908.20.00 Derivatives containing only sulpho groups, their salts and esters L 0% 0% 17% 2908.90.00 Other L 0% 0% 17% 2909.11.00 Diethyl ether L 0% 0% 17% 2909.19.00 Other L 0% 0% 17% 2909.20.00 Cyclanic, cyclenic or cycloterpenic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives L 0% 0% 17% 2909.30.00 Aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives L 0% 0% 17% 2909.41.00 2,2'-Oxydiethanol (diethylene glycol, digol) L 0% 0% 17% 2909.42.00 Monomethyl ethers of ethylene glycol or of diethylene glycol L 0% 0% 17% 2909.43.00 Monobutyl ethers of ethylene glycol or of diethylene glycol L 0% 0% 17% 2909.44.00 Other monoalkylethers of ethylene glycol or of diethylene glycol L 0% 0% 17% 2909.49.00 Other L 0% 0% 17% 2909.50.00 Ether-phenols, ether-alcohol-phenols and their halogenated, sulphonated, nitrated or nitrosated derivatives L 0% 0% 17% 2909.60.00 Alcohol peroxides, ether peroxides, ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives L 0% 0% 17% 2910.10.00 Oxirane (ethyleneoxide) L 0% 0% 17% 2910.20.00 Methyloxirane (propylene oxide) L 0% 0% 17% 2910.30.00 1-Chloro-2,3-epoxypropane (epichlorohydrin) L 0% 0% 17% 2910.90.00 Other L 0% 0% 17% 2911.00.00 Acetals and hemiacetals, whether or not with other oxygen function, and their halogenated, sulphonated, nitrated or nitrosated derivatives.

2911.00.00 Acetals and hemiacetals, whether or not with other oxygen function, and their halogenated, sulphonated, nitrated or nitrosated derivatives.

L 0% 0% 17% 2912.11.00 Methanal (formaldehyde) kg 0% 0% 17% 2912.12.00 Ethanal (acetaldehyde) kg 0% 0% 17% 2912.13.00 Butanal (butyraldehyde, normal isomer) kg 0% 0% 17% 2912.19.00 Other kg 0% 0% 17% 2912.30.00 Aldehyde-alcohols kg 0% 0% 17% 2912.41.00 Vanillin (4-hydroxy-3-methoxy-benzaldehyde) kg 0% 0% 17% 2912.42.00 Ethylvanillin (3-ethoxy-4-hydroxybenzaldehyde) kg 0% 0% 17% 2912.49.00 Other kg 0% 0% 17% 2912.50.00 Cyclic polymers of aldehydes kg 0% 0% 17% 2913.00.00 Halogenated, sulphonated, nitrated or nitrosated derivatives of products of heading 29.12 kg 0% 0% 17% 2914.19.00 Other kg 0% 0% 17% 2914.21.00 Camphor kg 0% 0% 17% 2914.22.00 Cyclohexanone and methylcyclohexanones kg 0% 0% 17% 2914.23.00 Ionones and methylionones kg 0% 0% 17% 2914.29.00 Other kg 0% 0% This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article. Home | About Us |--> Terms & Conditions | Privacy Statement | Publishing Services | Contact Us Sitemap --> --> Copyright 2019. Blackhall Publishing. All Rights Reserved. Design and Developed By : Indiafin Technologies Ltd .