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EXCISE TAX ACTSmall Manufacturers Production Equipment Exemption RegulationsRegulations Exempting Small Manufacturers from the Application of Paragraph 1(r) of Part XIII of Schedule III to the Excise Tax Act in Respect of Production EquipmentP.C.1982-167819826

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His Excellency the Governor General in Council, on the recommendation of the Minister of National Revenue and the Minister of Finance, pursuant to paragraph 1(r) of Part XIII of Schedule III to the Excise Tax Act, is pleased hereby to make the annexed Regulations exempting small manufacturers from the application of paragraph 1(r) of Part XIII of Schedule III to the Excise Tax Act in respect of production equipment.Short Title

1These Regulations may be cited as the Small Manufacturers Production Equipment Exemption Regulations.

Prescription

2For the purpose of paragraph 1(r) of Part XIII of Schedule III to the Excise Tax Act, the persons prescribed are manufacturers who(a)sell goods of their own manufacture, or(b)manufacture goods for their own usethat are otherwise subject to the consumption or sales tax, if the value of the goods manufactured and sold or manufactured for their own use does not exceed in the aggregate $50,000 in any calendar year.

3Section 2 is effective as of November 17, 1978.