Protection of Revenue Act


Published: 1935-12-18

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Protection of Revenue Act
PROTECTION OF REVENUE [CH.294 – 1


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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

PROTECTION OF REVENUE
CHAPTER 294

PROTECTION OF REVENUE

ARRANGEMENT OF SECTIONS

SECTION

1. Short title.
2. Interpretation.
3. Proposed variations in duty may be given provisional statutory effect.
4. Duties may be secured by bond.
5. Duration of order.
6. No stamp duty on bond.


PROTECTION OF REVENUE [CH.294 – 3


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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

CHAPTER 294

PROTECTION OF REVENUE
An Act to give provisional effect to orders of the

Governor-General providing for variations in imposts and
to provide for the protection of revenue likely to accrue
therefrom.

[Commencement 18th December, 1935]
1. This Act may be cited as the Protection of Revenue

Act.
2. In this Act, unless the context otherwise requires —
“imposts” includes all duties, tax or fees levied under

the Tariff Act, the Stamp Act or any other Act.

3. (1) Whenever the Minister for Finance shall
inform the Governor-General that it is his intention to give
notice to the House of Assembly that he proposes to
introduce into that Chamber a Bill providing for variations
of, or amendments or additions to, the imposts imposed by
any Act, it shall be lawful for the Governor-General to
provide by Order, for the period limited by this section,
and subject to the provisions of this Act that the proposed
variations, amendments or additions to the imposts set out
in the notice shall have statutory effect as if contained in an
Act as from the date of the said notice.

(2) The Order shall cease to have statutory effect if —
(a) the House of Assembly is dissolved or proro-

gued; or
(b) the provisions of a Bill giving effect to such

variations, amendments or additions are rejected
during the passage of such Bill in the House of
Assembly:

Provided that if instead of being rejected, the
said provisions are modified by resolution of the
House of Assembly, the Governor-General’s
Order under subsection (1) shall, as from the
date of such resolution and subject to the other
provisions of this subsection, have statutory
effect as so modified.

4 of 1935
G.N. 49/1964
3 of 1964
43 of 1964
E.L.A.O., 1974
2 of 1985

Short title.
2 of 1985.

Interpretation.
G.N. 49 /1964,
s. 3.
2 of 1985, s. 4.
Ch. 295.
Ch. 370.
Proposed
variations in duty
may be given
provisional
statutory effect.
G.N. 49/1964,
s. 4;
2/1985,
s. 5.

CH.294 – 4] PROTECTION OF REVENUE





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

(c) an Act comes into operation varying, amending
or adding to the duties of customs; or

(d) the Bill embodying such variations, amendments
or additions is not passed without amendment by
the Senate and under the provisions of Article
60(1) of the Constitution the House of Assembly
has resolved that the Bill should not be
presented to the Governor-General for assent.

(3) Section 31 of the Interpretation Act shall not
apply to an Order made by the Governor-General in
pursuance of subsection (1) of this section.

4. (1) As from the making of such Order by the
Governor-General, the importer of any goods in respect of
which new imposts shall have been imposed, or in respect
of which the existing imposts shall have been increased by
virtue of such Order as aforesaid, instead of making
payment of such new or increased imposts, shall give a
bond with one or more sufficient sureties in the amount of
such new or increased imposts with condition for the
payment of such new or increased imposts.

(2) The bond shall be discharged when the Order
ceases to have statutory effect as provided in subsection (2)
of section 3 of this Act and upon payment of the imposts
imposed by any Act giving effect to such Order.

5. The period for which an Order shall have statutory
force under this Act shall be a period expiring at the end of
four months after the date on which the Order is made or is
expressed to take effect as the case may be.

6. No stamp duty shall be payable on any bond given
under this Act.

43 of 1964, Third
Sch.;
G.N. 49/1964,
s. 5; E.L.A.O.,
1974.

43 of 1964, Third
Sch.
Ch. 2.

Duties may be
secured by bond.
2 of 1985, s. 5.

Duration of
Order.

No stamp duty
on bond.

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