FINANCE ACT (No. 2), 1996.

ARRANGEMENT OF SECTIONS.

Section

CHAPTER 185
FINANCE ACT (No. 2), 1996.

Commencement: 15 June, 1996.

An Act to provide for an import commission.

1. Imposition of import commission.

(1) There shall be charge

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d and collected by Uganda Revenue Authority on any goods imported an import commission of two percent of the value of the goods.

(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 imperted free of import duty;

(f) goods subject to conditional exemptions specified in Part II of the Setond Schedple to the Finance (No. 2) Act 2002; and

(g) imports by Government.

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