Exemptions and Reliefs

Part of Clause 2 – in the House of Commons at 12:00 am on 3rd December 1968.

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Photo of Mr Patrick Jenkin Mr Patrick Jenkin , Wanstead and Woodford 12:00 am, 3rd December 1968

I find this argument very abstruse. The Amendment would remove the goods in question from the import deposit, and would therefore, to that extent, reduce the protection which the scheme will, to the extent that it keeps out imports, have for British industry. The fact that these goods are already, by definition, exempt from import duty, and that the protective element of the duty is non-existent, does not seem to make the extension of that exemption to cover the import deposit as well as the import duty give the Bill a protective effect. I do not understand the argument, perhaps because it is ten past three in the morning.