(1) The Principal Act is amended -

(a) in section 123B -

(i) in subsection (7), by the deletion of "and also, by means of a penalty, a sum of €380 for each day in that period", and

(ii) by the deletion of subsection (8),

(b) in section 124 -

(i) in subsection (5)(b), by the deletion of "and also, by means of further penalty, a sum of €380 for each day the duty remains unpaid after the expiration of 3 months from the due date", and

(ii) by the deletion of subsection (6),

(c) in section 124B -

(i) by the substitution of the following subsection for subsection (6):