This Part of this Act shall be read together with and deemed part of the Customs Act 1913 (in this Part referred to as the principal Act).

In respect of goods of the kinds or classes specified in the First Schedule to this Act that are imported into New Zealand or entered therein for home consumption after the passing of this Act, there shall be payable, in addition to the duties fixed in respect of such goods by or pursuant to any Act, and notwithstanding anything to the contrary in any Act, but subject to the provisions of section one hundred and forty-three of the principal Act, further duties of Customs at the appropriate rate specified in the third column of that Schedule.

Notwithstanding anything in section five of the Customs Acts Amendment Act 1930, or in any other enactment, surtax shall not be payable in respect of the additional duties imposed by subsection one of this section.

The duties provided for in section three of this Act shall not be in force in the Cook Islands unless and until the Governor-General by Order in Council so determines, and until an Order in Council under this section comes into force the duties in force in those Islands on the passing of this Act shall continue to be in force.

On the coming into force of any such Order in Council the duties provided for in section three of this Act in respect of any goods shall be in force in the Cook Islands, and the duties in force in those Islands with respect to those goods on the passing of this Act shall be deemed to be altered accordingly:

Provided that nothing in this section shall affect the provisions of Part XXI of the principal Act.

Section twenty-four of the principal Act is hereby amended by repealing subsections one, two, and three, and substituting the following subsections:

This Part of this Act shall be read together with and deemed part of Part III of the Finance Act 1915.

In addition to the rates of duty fixed by section seven of the Customs Acts Amendment Act 1947, further duty in accordance with Part III of the Finance Act 1915 shall be payable on all beer brewed in New Zealand of which the worts are pitched for fermentation after the passing of this Act, as follows:

Such additional duty shall be deemed to be revenue of Customs within the meaning of the Customs Act 1913, and shall be recoverable accordingly by action at the suit of the Crown.

For the purposes of Part III of the Finance Act 1915, the specific gravity of distilled water at sixty degrees Fahrenheit shall be taken at 1,000 and the specific gravity of the worts shall be considered in relation thereto.

This Part of this Act shall be read together with and deemed Part of the Tobacco Act 1908.

In addition to the duties fixed by subsection one of section twenty-two of the Customs Acts Amendment Act 1934 and section seven of the Customs Acts Amendment Act 1942, there shall be levied, collected, and paid on tobacco manufactured in New Zealand that is entered for home consumption after the passing of this Act the further excise duties hereinafter specified in respect of the following classes of such tobacco, namely:

Section twenty-five of the Customs Acts Amendment Act 1930, as amended by section forty-three of the Customs Acts Amendment Act 1934 and section eight of the Customs Acts Amendment Act 1942, is hereby further amended by omitting from subsection one the words “fourteen shillings”, and substituting the words “twenty shillings”.

Section eight of the Customs Acts Amendment Act 1942 is hereby consequentially repealed.

This Part of this Act shall be read together with and deemed part of the Sales Tax Act 1932–33 (in this Part referred to as the principal Act).

In respect of goods of the class or kind specified in the Second Schedule to this Act, except any such goods that are exempt from sales tax, there shall, subject to the provisions of the principal Act, be levied, collected, and paid, instead of sales tax at the rate imposed by section ten of the Customs Acts Amendment Act 1942, sales tax at the rate of forty per cent of the sale value of all such goods—

With respect to sales tax paid on any goods by an importer pursuant to this section, the following provisions shall apply:

Subsection one of section eleven of the principal Act, as amended by section twenty-two of the Finance Act 1940 and modified by section ten of the Customs Acts Amendment Act 1942, shall be read subject to the foregoing provisions of this section. Any reference in the principal Act or in any other Act to the said subsection one shall, unless the context otherwise requires, be hereafter construed to include a reference to subsection one of this section.

Notwithstanding anything in section twenty-one of the principal Act, as amended by section twenty-three of the Finance Act 1940 and section fifteen of the Customs Acts Amendment Act 1942, where sales tax in respect of any goods is payable at the rate of forty per cent of the sale value thereof, and such tax is paid on or before the date on which it is payable in accordance with the provisions of the principal Act, the taxpayer shall be entitled only to a discount at the rate of three-quarters per cent of the sales tax so payable.

Subject to the provisions of this section, goods of the classes or kinds specified in the Third Schedule to this Act shall be exempt from sales tax.

The Governor-General may from time to time, by Order in Council, revoke the exemption from sales tax of any goods of a class or kind exempted under this section.

Every Order in Council under this section shall come into force on the date of its notification in the Gazette or on such earlier or later date as may be specified in that behalf in the Order.

The Customs Acts Amendment Act 1942 is hereby amended by repealing so much of the Second Schedule (as amended by the Sales Tax Order 1942 and by section thirteen of the Finance Act 1948 and by the Sales Tax (School Omnibuses) Order 1957) as relates to field drainage pipes and tiles, omnibuses, and tramcars.

Paragraph (a) of subsection three of section five of the Finance Act (No. 2) 1942 is hereby amended by repealing subparagraph (iii) (as added by section four of the Finance Act 1949).

Section thirteen of the Finance Act 1948 and section four of the Finance Act 1949 are hereby consequentially repealed.

The Finance Act (No. 2) 1955 is hereby amended by repealing so much of the First Schedule as relates to the classes or kinds of goods specified in Part I of the Fourth Schedule to this Act.

The Sales Tax Exemption Order 1955 is hereby amended by revoking so much of the Second Schedule as relates to the classes or kinds of goods specified in Part II of the Fourth Schedule to this Act.

The Sales Tax (School Omnibuses) Order 1957 is hereby consequentially revoked.

Every resolution of the House of Representatives passed on the twenty-sixth day of June, nineteen hundred and fifty-eight, purporting to impose any duties of Customs or excise, or to impose sales tax, or to create any exemptions from any such duties or sales tax, shall be deemed to have taken effect and to have had the force of law, according to its tenor, and to have so continued until the passing of this Act.

Every such resolution as is mentioned in subsection one of this section shall be deemed to be revoked on the passing of this Act:

Provided that all duties and all sales tax that, by virtue of the said resolutions, have become due and payable since the passing thereof and before the passing of this Act, and all penalties and forfeitures that have been incurred, shall be recovered and enforced notwithstanding the revocation of the said resolutions by this section.

All duties of Customs and excise, and all sales tax, that have become due and payable, and all penalties and forfeitures that have been incurred, before the passing of this Act, shall be recovered and enforced in the same manner as if this Act had not been passed.