Finance Act 1901
1901 c. 7
An Act to grant certain duties of Customs and Inland Revenue, to alter other duties, and to amend the Law relating to Customs and Inland Revenue . . .
Words omitted under authority of Statute Law Revision Act 1927 (c. 42)
[26th July 1901]
Act partly in force at Royal Assent, partly retrospective; all provisions so far as unrepealed wholly in force at 1.2.1991.

Part I Customs and Excise

1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss. 1, 4, 6, 12, 14, Schs. 1–3 repealed by Statute Law Revision Act 1927 (c. 42)

2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 2 repealed by Statute Law Revision Act 1927 (c. 42) and Import Duties Act 1958 (c. 6), s. 16(4), Sch. 7

3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 3 repealed by Finance Act 1906 (c. 8), s. 8(1), Sch. 2

4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss. 1, 4, 6, 12, 14, Schs. 1–3 repealed by Statute Law Revision Act 1927 (c. 42)

5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss. 5, 7–9 repealed by Customs and Excise Act 1952 (c. 44), s. 320, Sch. 12 Pt. I

6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss. 1, 4, 6, 12, 14, Schs. 1–3 repealed by Statute Law Revision Act 1927 (c. 42)

7–9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss. 5, 7–9 repealed by Customs and Excise Act 1952 (c. 44), s. 320, Sch. 12 Pt. I

10 Addition or deduction of new or altered duties in the case of contract.
(1) Where any new customs duty or new excise duty is imposed, or where any customs duty or excise duty is increased, and any goods in respect of which the duty is payable are delivered after the day on which the new or increased duty takes effect in pursuance of a contract made before that day, the seller of the goods may, in the absence of agreement to the contrary, recover, as an addition to the contract price, a sum equal to any amount paid by him in respect of the goods on account of the new duty or the increase of duty, as the case may be.
Words substituted by Customs and Excise Management Act 1979 (c. 2), Sch. 4 para. 12 Table Pt. I
(2) Where any customs duty or excise duty is repealed or decreased, and any goods affected by the duty are delivered after the day on which the duty ceases or the decrease in the duty takes effect in pursuance of a contract made before that day, the purchaser of the goods, in the absence of agreement to the contrary, may, if the seller of the goods has had in respect of those goods the benefit of the repeal or decrease of the duty, deduct from the contract price a sum equal to the amount of the duty or decrease of duty, as the case may be.
(3) Where any addition to, or deduction from, the contract price may be made under this section on account of any new or repealed duty, such sum as may be agreed upon or in default of agreement determined by the Commissioners of Customs . . . , as representing in the case of a new duty any new expenses incurred, and in the case of a repealed duty any expenses saved, may be included in the addition to or deduction from the contract price, and may be recovered or deducted accordingly.
Reference to Commissioners of Customs and Commissioners of Inland Revenue to be construed as reference to Commissioners of Customs and Excise: Customs and Excise Management Act 1979 (c. 2), Sch. 4 para. 1
Words repealed by Statute Law (Repeals) Act 1989 (c. 43), s. 1(1), Sch. 1 Pt. II Group 2
(3A) This section applies whether or not the goods have undergone a process of manufacture or preparation, or have become a part or ingredient of other goods.
S. 10(3A) inserted (21.7.2008) by Statute Law (Repeals) Act 2008 (c. 12), Sch. 2 para. 3
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 10(4) repealed by Statute Law (Repeals) Act 1989 (c. 43), s. 1(1), Sch. 1 Pt. II Group 2
S. 10 amended by Finance Act 1902 (c. 7), s. 7, European Communities Act 1972 (c. 68), s. 6(6) and Excise Duties (Surcharges or Rebates) Act 1979 (c. 8), s. 3(2)
Part II

11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 11 repealed by Finance Act 1959 (c. 58), s. 37(5), Sch. 8 Pt. II
Part III

12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss. 1, 4, 6, 12, 14, Schs. 1–3 repealed by Statute Law Revision Act 1927 (c. 42)

13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 13 repealed by Finance Act 1924 (c. 21), ss. 20, 41, Sch. 3
Part IV

14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss. 1, 4, 6, 12, 14, Schs. 1–3 repealed by Statute Law Revision Act 1927 (c. 42)

Part V General

15 Short title and construction.
(1) This Act may be cited as the Finance Act 1901.
(2) Part I of this Act, so far as it relates to duties of customs, shall be construed together with the Customs Consolidation Act 1876, and the Acts amending that Act (in this Act referred to as the Customs Acts), and so far as it relates to duties of excise shall be construed together with the Acts which relate to the duties of excise and the management of those duties.
1876 c. 36.
SCHEDULES 1–3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss. 1, 4, 6, 12, 14, Schs. 1–3 repealed by Statute Law Revision Act 1927 (c. 42)
SCHEDULE 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sch. 4 repealed by Finance Act 1906 (c. 8), s. 8(1), Sch. 2