# The Customs Duties (Deferred Payment) (Amendment) Regulations 1978, Regulation 4


(1) In Regulation 2(1) after the words ““approved” means approved by the Commissioners” there shall be added the words “to apply for deferment of payment of duty on behalf of himself or another and “approve” and “approval” shall be construed accordingly”.
(2) In Regulation 2(1), for the definition of “payment day” there shall be substituted the following definition:—
““payment day” means the 15th day of the month next following that in which the amount of duty deferred is entered into the Commissioners' accounts, or in the case of import entries scheduled periodically, the 15th day of the period following that in which deferment is granted (save that where that day in either case falls on a non-working day it shall be the next working day thereafter); ”.
(3) In Regulation 2(1) there shall be inserted the following definition:—
““period” means a period commencing on the 16th day of any month and ending on the 15th day of the month next following. ”.

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Source: https://www.legislation.gov.uk/uksi/1978/1725/regulation/4 (the official version)
Page: https://openlegislation.uk/customs-duties-deferred-payment-amendment-regulations-1978/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.