Schedule substitution replaces the Seventh Schedule with the Twelfth Schedule, altering the operative schedule under the Finance Act.

Section 122 effects a substitution of the Seventh Schedule to the Finance Act, 2001 by replacing it with the Schedule set out in the Twelfth Schedule of the amending instrument, removing the prior Seventh Schedule in its entirety and making the Twelfth Schedule operative where the Seventh Schedule previously applied.

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