The Council in its meeting is expected to move legislative amendments required for increasing the maximum ceiling of cess leviable
on motor vehicles falling under headings 8702 and 8703 including SUVs, to 25 percent instead of present 15 percent.
The importer and clearing agent were unable to provide any plausible explanation for not paying the actual leviable
duties and taxes, when confronted by the senior officers of Customs Intelligence.
The legal position is that any bets taken in Britain on horseracing are leviable
, wherever in the world the racing takes place.
It has been fascinating for BOLA members to learn that the increased amounts of sponsorship they are providing, the millions of pounds they spend promoting racing and the millions they have invested in improving their shops (all of which have generated increased amounts of leviable
turnover) are, in fact, merely elements of racing's own self- help achievements.
"It is not a difficult equation -the rise in leviable
turnover, the increased profitability of the Tote, the substantial increases in the sponsorship of racing by the bookmaking industry-all are paid for by the betting-office customer."