(1) In this section and in Schedule 2 -
"Act of 1977" means the Finance (Excise Duty on Tobacco Products) Act 1977;
"cigarettes", "cigars", "fine-cut tobacco for the rolling of cigarettes" and "smoking tobacco" have the same meaning as they have in the Act of 1977, as amended by section 86 of the Finance Act 1997 and by section 94 of the Finance Act 2002.
(2) The duty of excise on tobacco products imposed by section 2 of the Act of 1977 shall, in lieu of the several rates specified in Schedule 3 to the Finance Act 2003, be charged, levied and paid, as on and from 4 December 2003 at the several rates specified in Schedule 2.