Revised Laws of Saint Lucia (2021)

10.   Relief for raw materials

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   (1)   Where the Comptroller is satisfied, upon a certificate by a registered manufacturer, that taxable goods, whether imported into Saint Lucia or manufactured or produced in Saint Lucia, are intended to be used by the registered manufacturer as raw materials for the manufacture or production in Saint Lucia of other taxable goods, the Comptroller may, in respect of the taxable goods intended to be used as raw materials, instead of requiring payment of the excise tax in full —

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      (a)     require that the manufacturer deposit such security as the Comptroller thinks fit; or

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      (b)     remit the excise tax.

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   (Substituted by Act 5 of 2015)

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   (2)   Where taxable goods are intended to be used as raw materials for the manufacture or production in Saint Lucia of other taxable goods, the importer, manufacturer or producer, as the case may be, must certify in writing to the Comptroller in such form as the Comptroller may direct that the goods are to be used for the manufacture or production in Saint Lucia of other taxable goods.

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   (Substituted by Act 5 of 2015)

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   (3)   Where money has been given as security in respect of taxable goods and the Comptroller is subsequently satisfied that the goods were used as raw materials for the manufacture or production in Saint Lucia of other taxable goods, the Comptroller may apply such money against any excise tax that becomes payable on the sale of the other taxable goods.