FINANCE ACT, 1992.

ARRANGEMENT OF SECTIONS.

   Section

   1.   Construction of this Act

   2.   Amendment of section 50.

   3.   Amendment of section 114.

   4.   Addition of a Fifth Schedule.

   5.   Insertion of a new section 125A.

   6.   Substitution of section 158.

      Schedule   Fifth Schedule to the East African Customs and Transfer Tax Management Act.

CHAPTER 180
FINANCE ACT, 1992.

Commencement: 14 February, 1992.

   An Act to amend the East African Customs and Transfer Tax Management Act.

1.   Construction of this Act.

   This Act shall be read and construed as one with the East African Customs and Transfer Tax Management Act, in this Act referred to as the principal Act.

2.   Amendment of section 50.

   The principal Act is amended in section 50(2) by substituting for the existing fine the fine of "one hundred thousand shillings".

3.   Amendment of section 114.

   The principal Act is amended in section 114 by renumbering the existing provision as subsection (1) and inserting the following new subsections—

"(2) Where any duty payable to the Government under subsection (1) or as penalty under this Act by a person is not paid one month after the due date of payment, the Director General may authorise distress to be levied upon the following items—

   (a)   goods, chattels and effects anywhere in the country;

   (b)   material for manufacturing or plant of a factory;

   (c)   premises, vehicle or other property; or

   (d)   animal,

which are in the possession or custody of—

   (e)   that person;

   (f)   his agent; or

   (g)   any other person on his behalf.

   (3) The warrant of distress to be issued by the Director General shall—

   (a)   be in the form set out in the Fifth Schedule to this Act;

   (b)   specify the amount of duty for which the authority to distrain is given;

   (c)   specify the person authorised to distrain.

   (4) A person authorised to distrain under subsection (3) may, if necessary,