(a) In addition to any other tax required to be paid by this chapter, whoever manufactures, produces or imports after March 15, 1980, gasoline (as that term is defined in the Presidential Proclamation hereinafter cited) for consumption in the Virgin Islands shall pay to the Government of the United States Virgin Islands a tax equal to the number of barrels of such gasoline manufactured, produced, or imported in any month times the value of the gasoline entitlement for such month as determined by the United States Department of Energy pursuant to Presidential Proclamation No. 4744, signed April 2, 1980, or any subsequent amendments thereto; Provided, however, That this tax shall not apply until April 1, 1980, if the amount levied hereunder is not credited against any amount owed the Federal Government pursuant to such Proclamation.
(b) The tax required by subsection (a) of this section shall be paid to the Bureau of Internal Revenue on or before the last day of the second month following the month of manufacture, production, or importation.
(c) Notwithstanding any other provision of law to the contrary, no exemption from taxation heretofore enacted shall be applicable to the tax imposed by this section.