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Customs and Excise Act 2018

Entry and exit of goods, persons, and craft - Excise duty and excise-equivalent duty credits

108: Duty credits in respect of repurchased goods

You could also call this:

"Getting money back on goods you made and bought back"

Illustration for Customs and Excise Act 2018

If you sell goods that you made in a special area and then buy them back at the same price, you might be able to get some money back. You can claim a credit when you fill out a form under section 81(1). The credit is the amount of excise duty you already paid on the goods you made. If the credit is more than the excise duty you need to pay, the chief executive can decide to use the extra credit to pay other excise duty you owe, or give the money to you. You can only get this credit in certain situations, which are set out in the rules.

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Topics:
Money and consumer rights > TaxesBusiness > Industry rules
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Part 3Entry and exit of goods, persons, and craft
Excise duty and excise-equivalent duty credits

108Duty credits in respect of repurchased goods

  1. This section applies if—

  2. Part A goods that are manufactured in a manufacturing area (the manufactured goods) are sold by the licensee of that area; and
    1. the licensee repurchases the manufactured goods at the same price at which they were sold.

      1. In the prescribed circumstances, the licensee may claim a credit when making an entry under section 81(1).

      2. The credit that may be claimed is any excise duty levied in respect of the manufactured goods that has been paid by the licensee.

      3. If the credit exceeds the excise duty that the licensee is liable to pay under the entry, the excess may, at the discretion of the chief executive, be—

      4. applied against any other excise duty that the licensee is liable to pay; or
        1. paid to the licensee.

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