Variation of Excise Duty Rates (s.8(1)EDA)
The Cabinet Secretary may vary the excise duty rate by a maximum of 10%
as opposed to the previous Act cap 472 where the variation rate was 30%.
Adjustment for Inflation (s.10 EDA)
The Commissioner shall adjust the specific rate of duty annually to take into account
inflation in accordance with the formula;
A x B
where A is the old rate of excise duty and B is the adjustment factor calculated
as one plus annual average rate of of inflation of the preceeding year.
Ex-factory selling price of excisable goods (s.11 EDA)
The ex-factory selling price of excisable goods shall be;
the price payable by the purchaser
the open market value of the goods at the time of removal from
the manufacturer's factory.