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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 - Penalties: late payments of duty

160: Cases in which penalties may be payable

You could also call this:

"When you might have to pay a penalty for paying duty late"

Illustration for Customs and Excise Act 2018

You might have to pay a penalty if you pay your excise duty late. This can happen if you have to pay excise duty and clause 5(a) of Schedule 3 applies to your payment. In this case, the payment date is when the time to pay expires.

You might also have to pay a penalty if you have to pay duty on imported goods and section 123(1) applies to your payment. The payment date is when the time to pay the duty expires.

You can also be penalised if you have to pay duty within a certain time given by section 124(2) to (7). The payment date is when this time expires.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7245124.

Topics:
Money and consumer rights > Taxes
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159: Penalties payable for late payments of duty in certain cases, or

"Paying late duty costs extra - you might have to pay a penalty if you're late"

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161: Interest payable for incorrect refunds of duty or drawback incorrectly allowed in certain cases, or

"You pay interest if you get a refund of duty by mistake"

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: Penalties: late payments of duty

160Cases in which penalties may be payable

  1. Section 159 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 159 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 159 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 159 to the duty, payment date means the date on which the deferred time for payment of the duty under section 123(1) expires.

  5. Section 159 applies to any duty if the duty is required to be paid within a period given by section 124(2) to (7).

  6. For the purpose of applying section 159 to the duty, payment date means the date on which the relevant period given by section 124(2) to (7) expires.