22 PART VII CUSTOMS AND EXCISE Amendment to Finance Act [Chapter 23:04] 41 New Chapter inserted in Cap. 23:04 With effect from the 1st January, 2006, the Finance Act [Chapter 23:04] is amended by the insertion after Chapter VIII of the following Chapter— "CHAPTER IX CUSTOMS AND EXCISE RATE OF SPECIAL EXCISE DUTY ON SALES OF SECOND-HAND MOTOR VEHICLES 40 Interpretation in Chapter IX Any word or expression to which a meaning has been assigned in Part XIIA of the Customs and Excise Act [Chapter 23:02] shall bear the same meaning when used in this Chapter. 41 Rate of special excise duty The rate of special excise duty shall be five per centum of the value of secondhand motor vehicle liable for the duty in terms of Part XIIA of the Customs and Excise Act [Chapter 23:02].". Amendments to Customs and Excise Act [Chapter 23:02] 42 New Part inserted in Cap. 23:02 With effect from the 1st January, 2006, the Customs and Excise Act [Chapter 23:02] is amended by the insertion after Part XII of the following Part— "PART XIIA SPECIAL EXCISE DUTY ON SALES OF SECOND-HAND VEHICLES 172A Interpretation in Part XIIA In this Part— "Charging Act" means the Finance Act [Chapter 23:04] or any other enactment by which rates of tax are fixed; "second-hand motor vehicle" means a motor vehicle registered or required to be registered in terms of the Vehicle Registration and Licensing Act [Chapter 13:14] that is sold or disposed of to any person at any time after it is so registered; "special excise duty" means the special excise duty on sales or disposals of secondhand motor vehicles referred to in section 172B;