FINAl"-'CE (No. 2) 2014 2014 10 Amendment of section 12C of Cap. 23:12 (1) The Value Added Tax Act [Chapter 23:12] is amended in section l2C ("Collection of tax on exportation of unbeneficiated hides, determination of value thereof')- (a) by the repeal of subsection (1) and the substitution of"(1) In this section, "unbeneficiated hide" means any raw or untanned animal hide, but does not include crocodile skin, goat or sheep skin or any hide, skin or hair that is or forms part of a trophy as defined by or under the Parks and Wild Life Act [Chapter 20: 141.": (b) by the insertion of the following subsection after subsection (5)''(6) Notwithstanding this section, the Minister is hereby authorised by notice in a statutory instrument to prescribe a maximum quota of unbeneficiated hides by weight at or below which no tax in terms of this section shall be chargeable: Provided that the statutory instrument in question shall be laid before the National Assembly and not come into force until the lapse of fourteen sitting days after they are so laid, unless the House has earlier passed a resolution annulling the statutory instrument.". (2) Despite section 14(2) of the Finance Act, 2014, section 12C ("Collection of tax on exportation of unbeneficiated hides, determination of value thereof') of the Value Added Tax Act has effect from the year of assessment beginning on the lst January, 2015. PART IV CusToMs M'D ExciSE Amendments to Finance Act [Chapter 23:04] 11 New Chapter inserted in Cap. 23:04 With effect from the 1st October, 2014, the Finance Act [Chapter 23:04] is amended by the insertion of the following Chapter after Chapter XI ('"Statutory Fees and Charges")"CHAPTER XII SPECIAL ExosE DuTY oN AIRTIME 48 Interpretation in Chapter XII Any word or expression to which a meaning has been assigned in Part XIIB of the Customs and Excise Act [Chapter 23 :02] shall bear the same meaning when used in this Chapter. 49 Rate of special excise duty on airtime The rate of special excise duty on airtime shall be five per centum of the sale value of the airtime.". Amendments to Customs and Excise Act [Chapter 23:02] 12 New Part inserted in Cap. 23:02 (1) With effect from the 1st October, 2014, the Customs and Excise Act [Chapter 23 :02] is amended by the insertion after Part XIIA of the following Part- 213 No.8