12CAmount of levy imposed in respect of disposals during the 2005‑2006 and later financial years

12C Amount of levy imposed in respect of disposals during the 2005‑2006 and later financial years

The amount of the levy that is payable under section 12B in respect of leviable disposals of a particular chemical product during a financial year is the amount worked out using the formula:

Start formula Total leviable value in respect of the product for the financial year times Rate of levy end formula

where:

rate of levy means the percentage prescribed by the regulations for the purposes of this section in respect of the financial year.