FINANCE BILL 2001
CLAUSE 18: EXEMPT PROCESSES
SUMMARY
1. This clause sets out what shall and what shall not be considered aggregate for the purpose of the levy as a result of certain processes - ?exempt processes? - being applied to the aggregate.
DETAILS OF THE CLAUSE
2. Subsection (1) provides that the term aggregate includes the spoil, waste, off-cuts and other by-products resulting from the application of an exempt process to any aggregate but not anything else resulting from such a process which includes the material which the process is designed to produce, extract or obtain.
3. Subsection (2) defines exempt process as:
(a) the cutting of rock to produce dimension stone;
(b) the process of extracting or separating a ?relevant substance? (see subsection (3) below) from any aggregate;.
(c) the production of lime or cement.
4. Subsection (3) lists the relevant substances. In the main these are industrial minerals such as potash, gypsum, and fluorspar etc.
5. Subsection (4) provides that the list may be modified by Treasury Order and that transitional provisions may be made in connection with any such modification.
6. Subsection (5) provides for the affirmative resolution procedure where a relevant substance is to be removed from the list.
7. Subsection (6) provides for the negative resolution procedure for any other Order made under subsection (4).