Development Levy (Dominica Banana Marketing Corporation) Regulations (Cap. 67:10)

4 Chap.67:10 [Subsidiary] Commencement. [711988J. Levy on bananas sold. Additional levy where price of bananas exceeds fifty-five cents per pound. Amount to be paidtoComp troller. L>evelopr,nent~ Developfl1l!nJ Levy (Dominica BaNUUl Marketing Corporation) RegWations SUBSIDIARY LEGISLATION DEVELOPMENT LEVY (DOMUUCABANANA MARKETING CORPORATION) REGULATIONS 1. These Regulations may be cited as the DEVELOPMENT LEVY (DOMINICA BANANA MARKETING CORPORATION) REGULATIONS. 2. In these Regulations "Corporation" means the Dominica Banana Marketing Corporation; "levy" means the development levy authorised under section 2 of the Act; "Minister" means the Minister responsible for Finance. 3. There shall be deducted from the proceeds of sale of bananas made by the Corporation a levy of one cent on each pound of bananas sold where the price received by the Corporation per pound of bananas exceeds fifty cents. 4. At any time that the price received by the Corporation for bananas sold exceeds fifty-five cents per pound, there shall be deducted from such amount in excess of fifty- five cents per pound an additional levy of twenty-five per cent of such excess amount. 5. All amounts payable as aforesaid from the proceeds of sales made by the Corporation shall be paid to the Comptroller of Inland Revenue within fifteen days after the end of each calendar month. Extending 6. The Minister may, if he is satisfied that it is just and equitable payment of levy. to do so, suspend in whole or in part the payment of the levy or extend the period for payment of the levy.