Regulation 7 Amendment

After regulation 8, there shall be inserted the following–

“Minimum amount of interest payable in connection with customs duty

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Where interest charged on arrears of customs duty payable to the Commissioners of Customs and Excise is computed in accordance with section 126(2) of the Finance Act 1999 and, in any case, is less than £25 the amount of interest charged in that case is (instead of being the amount so computed) to be taken to be £25.”