HC Deb 26 January 1965 vol 705 cc176-7W
Mr. Morgan

asked the Chancellor of the Exchequer whether, in view of the importance of diamond drill bits as an item in the export trade, he will exempt from the effect of the 15 per cent. advalorem surcharge all used diamond drill bits received from abroad for resetting.

Mr. MacDermot

I understand that the Question refers to drill bits imported for the recovery of the diamonds, which are then used to make new bits for export. Arrangements can be made to remit the temporary charge when the bits are imported, and I will be writing to the hon. Member about the particular case he has in mind.