Section 6: Purchase of another duty exempted motor vehicle

6. Purchase of another duty exempted motor vehicle before expiry of 3 or 4 years from date of exemption (cid:3) (cid:3) (cid:36)(cid:81)(cid:92)(cid:3)(cid:83)(cid:72)(cid:85)(cid:86)(cid:82)(cid:81)(cid:15)(cid:3)(cid:69)(cid:82)(cid:71)(cid:92)(cid:3)(cid:82)(cid:85)(cid:3)(cid:82)(cid:85)(cid:74)(cid:68)(cid:81)(cid:76)(cid:86)(cid:68)(cid:87)(cid:76)(cid:82)(cid:81)(cid:3)(cid:87)(cid:75)(cid:68)(cid:87)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:69)(cid:72)(cid:81)(cid:72)(cid:191)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3) from an exemption of duty, excise duty and taxes on a motor Acts 2021 249 vehicle under section 5(1)(a), (b) or (c) may be granted full or partial exemption of duty, excise duty and taxes on another motor vehicle, provided that – (a) (i) the 3-year period from the date he has (cid:3) (cid:69)(cid:72)(cid:81)(cid:72)(cid:191)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:72)(cid:91)(cid:72)(cid:80)(cid:83)(cid:87)(cid:76)(cid:82)(cid:81)(cid:15)(cid:3)(cid:76)(cid:81)(cid:3)(cid:70)(cid:68)(cid:86)(cid:72)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3) exemption is once every 3 years, has not expired; or (ii) in any other case, the 4-year period (cid:73)(cid:85)(cid:82)(cid:80)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3)(cid:71)(cid:68)(cid:87)(cid:72)(cid:3)(cid:75)(cid:72)(cid:3)(cid:75)(cid:68)(cid:86)(cid:3)(cid:69)(cid:72)(cid:81)(cid:72)(cid:191)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:3)(cid:87)(cid:75)(cid:72)(cid:3) exemption has not expired; (b) the person, body or organisation pays the full duty, excise duty and taxes which he has (cid:69)(cid:72)(cid:81)(cid:72)(cid:191)(cid:87)(cid:87)(cid:72)(cid:71)(cid:3)(cid:73)(cid:85)(cid:82)(cid:80)(cid:30)(cid:3)(cid:68)(cid:81)(cid:71) (c) the person, body or organisation complies with such other terms and conditions as may be prescribed. (b) in section 13A, by inserting, after the words “a statutory corporation”, the words “or any other person”; (c) in the First Schedule – (i) in Part I – (A) by deleting the H.S. Codes and their corresponding entries set out in Part I of the Third Schedule to this Act; (B) by inserting, in the appropriate numerical order, the H.S. Codes and their corresponding entries set out in Part II of the Third Schedule to this Act; (C) by deleting the H.S. Codes and their corresponding entries set out in Part I of the Fourth Schedule to this Act; (D) by inserting, in the appropriate numerical order, the H.S. Codes and their corresponding entries set out in Part II of the Fourth Schedule to this Act; 250 Acts 2021 (ii) in Part II – (A) in item 105, in the second column, by deleting the words “registered with the Board of Investment under section 12 of the Investment Promotion Act” and replacing them by the words (cid:179)(cid:75)(cid:82)(cid:79)(cid:71)(cid:76)(cid:81)(cid:74)(cid:3) (cid:68)(cid:81)(cid:3) (cid:44)(cid:81)(cid:89)(cid:72)(cid:86)(cid:87)(cid:80)(cid:72)(cid:81)(cid:87)(cid:3) (cid:38)(cid:72)(cid:85)(cid:87)(cid:76)(cid:191)(cid:70)(cid:68)(cid:87)(cid:72)(cid:3) (cid:76)(cid:86)(cid:86)(cid:88)(cid:72)(cid:71)(cid:3) (cid:69)(cid:92)(cid:3) the Economic Development Board under the Economic Development Board Act”; (B) in item 110, in the second column, by deleting the words “under the Inland Aquaculture Scheme and registered with the Economic Development Board under the Economic Development Board Act” and replacing them by the words (cid id:72)(cid:81)(cid:87)(cid:3) (cid:38)(cid:72)(cid:85)(cid:87)(cid:76)(cid:191)(cid:70)(cid:68)(cid:87)(cid:72)(cid:3) (cid:76)(cid:86)(cid:86)(cid:88)(cid:72)(cid:71)(cid:3) (cid:69)(cid:92)(cid:3) the Economic Development Board under the Economic Development Board Act”; (B) in item 110, in the second column, by deleting the words “under the Inland Aquaculture Scheme and registered with the Economic Development Board under the Economic Development Board Act” and replacing them by the words (cid:179)(cid:68)(cid:81)(cid:71)(cid:3)(cid:75)(cid:82)(cid:79)(cid:71)(cid:76)(cid:81)(cid:74)(cid:3)(cid:68)(cid:81)(cid:3)(cid:44)(cid:81)(cid:89)(cid:72)(cid:86)(cid:87)(cid:80)(cid:72)(cid:81)(cid:87)(cid:3)(cid:38)(cid:72)(cid:85)(cid:87)(cid:76)(cid:191)(cid:70)(cid:68)(cid:87)(cid:72)(cid:3)(cid:76)(cid:86)(cid:86)(cid:88)(cid:72)(cid:71)(cid:3) by the Economic Development Board under the Economic Development Board Act”.