# Taxation Act 1692, Section V: Merchant to give Security to pay in a Year's time, or £10 per Cent. rebated for present Payment.


Proviso for Re-exportation; Rebate to Exporter of Amber Beads, &c.
And be it further enacted That for all additional Duties hereby imposed upon the aforementioned Goods and Merchandize to be imported as aforesaid the Importer giving Security at the Custom House shall have time not exceeding Twelve months for the Payment of the same from the Importation to be paid by Four equal and quarterly Payments or in case such Importer shall pay ready money he shall have after the Rate of Ten Pounds per Centum of the said Duty for a year abated to him and if the Goods and Merchandizes aforementioned imported as aforesaid for which the Duties hereby granted paid or secured at the Importation thereof be again exported by any Merchant English within Twelve months or by Strangers within Nine months after the Importation then the aforesaid Duty shall be wholly repaid or the Security vacated as to what shall be so exported except all Brandy for which the aforesaid Duty shall not be repaid Provided neverthelesse that the several Duties charged by this Act upon all Amber Beads Amber Ruff Coral Beads and Polished Coral and all Cowries shall be repaid to the Merchant exporting the same within Three years after the Importation thereof Any thing in this Act contained to the contrary in any wise notwithstanding

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Source: https://www.legislation.gov.uk/aep/WillandMar/4/5/section/V (the official version)
Page: https://openlegislation.uk/taxation-act-1692/section-V
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.