Revenue Replacement Duty

(1) Subject to sub-section (2) below, where any customs duty or entry tax chargeable in respect of goods of a class or description imported into Belize has been removed, altered, reduced or progressively phased down, the Minister of Finance may by Order, impose a revenue replacement duty on such goods or on goods of any other class or description imported from any country. (2) Goods imported into Belize from a Member State of CARICOM shall not be subject to revenue replacement duty. (3) The duty payable under this section shall be imposed without any discrimination on goods of the same type, class or description. (4) The Minister responsible for finance may by Order increase, reduce or revoke the duty imposed under this section. (5) Where an Order is submitted to the National Assembly for resolution under section 28, the duty payable immediately prior to the making of such Order under this section shall continue to be payable, until publication of the resolution in the Custom and Excise Duties 23 Gazette under section 28, when the resolution shall take effect in place of the said Order. (6) Where a refund of duty is paid during the intervening period above, such refund shall be made in accordance with rules made under this Part. duty.