FOURTH   REPUBLIC

                                         Act 704

                       THE SEVEN HUNDRED AND FOURTH

                               ACT

OF THE PARLIAMENT OF THE REPUBLIC OF GHANA

                          ENTITLED

CUSTOMS, EXCISE AND PREVENTIVE SERVICE (MANAGEMENT) (AMENDMENT) ACT, 2006

AN ACT to amend the Customs, Excise and Preventive Service (Management) Law, 1993 (PNDCL 330) to provide for the removal of the penalty component in the reserve price a f forfeited vehicles due for disposal by auction or allocation.

DATE OF ASSENT: 24th March. 2006.

ENACTED by the President and Parliament:

Section 93 of PNDCL 330 amended

Section 93 of The Customs, Excise and Preventive Service (Management) Law, 1993 (PNDCL 330) is amended

(1) by the substitution for subsection (4) of the following;

"(4) The price at which a forfeited vehicle is disposed of, whether by auction sale, allocation or any other method, shall include duties and taxes but exclude the penalties exigible on the vehicle",

(2) By the insertion after subsection (4) of a new subsection, "( 5) subsection (4) shall apply until 31st December, 2006".

Date of Gazette notification: 31st March, 2006.