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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

156: Cases involving correction of self-assessed duty

You could also call this:

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

Illustration for Customs and Excise Act 2018

If you have to correct the amount of duty you paid, section 154 might apply to you. This can happen if you are correcting an assessment you made under section 111 or section 112, and you need to pay more duty.

When section 154 applies, the payment date is not the usual date. For some goods, the payment date is when the time to pay expires, as stated in clause 5(a) of Schedule 3.

If you are importing goods and need to correct your assessment, section 154 might apply to you. The payment date can be the date given by section 122, or it can be the date when the deferred payment time would have expired, as stated in section 123(1).

In some cases, the payment date is 20 working days after you made the amendment under section 112. You should look at section 154 and the other sections mentioned to understand how this applies to you.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7245111.

Topics:
Money and consumer rights > TaxesBusiness > Industry rulesImport and export > Customs and duties
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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

156Cases involving correction of self-assessed duty

  1. Section 154 applies to any excise duty if—

  2. the excise duty results from an amendment of an assessment under section 117; and
    1. the amendment is correcting an assessment by a licensee or an owner under section 111.

      1. For the purpose of applying section 154 to the excise duty, payment date means, despite section 124, the date on which the time prescribed for the purposes of clause 5(a) of Schedule 3 expires in relation to the Part A goods in respect of which the excise duty is levied.

      2. Section 154 applies to any duty in respect of imported goods if—

      3. the duty results from an amendment of an assessment under section 117; and
        1. the amendment is correcting an assessment by an importer under section 111.

          1. For the purpose of applying section 154 to the duty, payment date means, despite section 124,—

          2. the date given by section 122 that is applicable to the imported goods; or
            1. if section 123(1) would have applied to the payment of the duty had it been covered by the importer’s assessment, the date on which the deferred time for payment of the duty under section 123(1) would have expired.

              1. Section 154 applies to any duty in respect of imported goods if—

              2. the duty results from an amendment of an assessment under section 117; and
                1. the amendment is correcting an importer’s amendment of an assessment under section 112.

                  1. For the purpose of applying section 154 to the duty, payment date means, despite section 124, the 20th working day after the date on which the importer made the amendment under section 112.