(1) There shall be charged, levied and paid in respect of a permit granted under section 122 which commences after the coming into operation of this section a duty of excise of €100.
(2) A permit granted by the Revenue Commissioners under section 122 shall expire -
(a) in the case of a permit in force on the date of coming into operation of this section at midnight on 30 June next following its coming into operation, or
(b) in the case of a permit granted after the coming into operation of this section at midnight on 30 June next following the grant of the permit.
(3) A reference in section 122 or this section to the grant of a permit shall be construed as including a reference to the renewal of such a permit.