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Customs and Excise Act 2018

Entry and exit of goods, persons, and craft - Interest and penalties for late or incorrect payments of duty, incorrect refunds of duty, and drawback incorrectly allowed - Interest: late or incorrect payments of duty

155: Cases involving late payment of duty

You could also call this:

"What happens if you pay customs duty late"

Illustration for Customs and Excise Act 2018

If you pay excise duty late, section 154 applies when clause 5(a) of Schedule 3 applies to the payment. The payment date is when the time to pay expires. You use this date to apply section 154 to the excise duty.

If you pay duty on imported goods late, section 154 applies when section 123(1) applies to the payment. The payment date is when the deferred time to pay the duty expires. You use this date to apply section 154 to the duty.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7245108.

Topics:
Money and consumer rights > Taxes
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154: Interest payable for late or incorrect payments of duty in certain cases, or

"You pay extra if you're late paying duty or pay the wrong amount."

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156: Cases involving correction of self-assessed duty, or

"Fixing mistakes in the duty you paid on imported goods"

Part 3Entry and exit of goods, persons, and craft
Interest and penalties for late or incorrect payments of duty, incorrect refunds of duty, and drawback incorrectly allowed: Interest: late or incorrect payments of duty

155Cases involving late payment of duty

  1. Section 154 applies to any excise duty if clause 5(a) of Schedule 3 applies to the payment of the excise duty.

  2. For the purpose of applying section 154 to the excise duty, payment date means the date on which the time prescribed for the purposes of clause 5(a) of Schedule 3 expires.

  3. Section 154 applies to any duty in respect of imported goods if section 123(1) applies to the payment of the duty.

  4. For the purpose of applying section 154 to the duty, payment date means the date on which the deferred time for payment of the duty under section 123(1) expires.