For the purposes of this Schedule -

(1)

Any goods specified in column 2 shall mean the goods which fall under the corresponding heading number and H.S. code specified in column 1.

(2) The heading numbers and the H.S. codes specified in column 1 refer to the heading numbers and, where applicable, to the H.S. codes of Part I of the First Schedule to the Customs Tariff Act.

The value at importation referred to in column 4 of Part I shall mean the value of the goods as determined in accordance with the Customs Act 1988.

(4)          “Absolute alcohol” means 100 per cent alcohol by volume.

(3)

(5)          (a)

Where it is specified in Part I that the taxable base is "ad valorem", the taxable base shall be the price at which the goods are sold or offered for sale by a manufacturer at the time the entry for the removal of the goods is approved under section 4(2) of the Act exclusive of -

(i) (ii)

the excise duty payable on those goods; and

any customs duty and excise duty paid or payable on the raw materials used as input in their manufacture.

(b)           For the purposes of determining the price referred to in paragraph (a), it shall be assumed -

(i)         that the transaction is at arm's length;

(ii)          that the price is the sole consideration for the sale of the goods; and

(iii)          that no discount, rebate or allowance is granted on the goods.

(c) Where excisable goods are imported in bulk for bottling purposes, excise duty shall be payable after bottling at the time they are removed from the factory for home consumption at the rate applicable to the goods imported in bulk.

(6)         Where it is specified in column 6 of Part I that the date payable is "As specified in paragraph (6)", the date payable shall be -

(a)           in respect of removals for each of the months July to May, not later than 7 days after the end of the month; and

(b)           in respect of removals for the month of June, not later than the last day of that month.