This section applies where the Secretary of State makes an order under subsection (3)(b) of section 74 above providing that, as regards financial years beginning on or after such date as is specified in the order, valuation bands so specified shall be substituted for those for the time being effective for the purposes of subsection (2) of that section.
For the purpose of—
the provisions of this Part shall have effect with the modifications mentioned in subsection (3) below.
The modifications are—