FOURTH REPUBLIC
Act 712
THE SEVEN HUNDRED AND TWELFTH
ACT
OF THE
PARLIAMENT OF THE REPUBLIC OF GHANA
ENTITLED
THE CUSTOMS AND
EXCISE (DUTIES AND OTHER TAXES) (AMENDMENT) (NO.3)
ACT, 2006
AN ACT to amend the
Customs and Excise (Duties and Other Taxes) Act,
1996 (Act 512) and to provide for related matters.
DATE OF ASSENT:
1st August, 2006.
ENACTED by the
President and Parliament:
Fifth Schedule to
Act 512 amended
1. The Customs and
Excise (Duties and Other Taxes) Act, 1996 (Act 512)
as amended is further amended by the substitution
for item No.5 of the Fifth Schedule as inserted by
the Customs and Excise (Duties and Other Taxes)
(Amendment) Act 1998 (Act 545) to the Schedule to
this Act.
Abolition of ad
valorem excise duty
2. The ad valorem
excise duty of 15% on petroleum products is hereby
abolished.
SCHEDULE
|
Tariff No.
|
|
Tariff
Description |
Rate of
specific excise duty |
|
|
|
|
|
Cedis
|
|
5. |
- Hydrocarbon
Oil Products, the following- |
|
|
|
|
- |
Premium Petrol
|
718
|
perlitre
|
|
|
- Gas Oil
|
910
|
- do-
|
|
|
- Residual Fuel
Oil |
520.94
|
- do -
|
|
|
- Kerosene
|
648.75
|
- do-
|
|
|
- |
Premix
|
514.56
-do- |
|
|
- MGO local
|
649.45
|
- do-
|
|
|
- Unified
|
718.20
|
- do -
|
|
|
- LPG
|
722.46
|
per kg.
|
Date of Gazette no
|
