This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 July 2012, amend the Customs and Excise Regulations 1996 (the principal regulations).
The principal regulations prescribe, in regulations 52 and 57, the exceptional cases in which specified excisable goods must be entered, and payments of excise duty on those goods must be made, not monthly, but on an annual or on a biannual basis. The timing requirements depend on the licensee's estimated levels of total excise duty liability for any one year. The amendments replace regulations 52 and 57. New regulations 52 and 57 re-enact the current prescribed cases for specified alcoholic products, but also include new prescribed cases for biofuel, biofuel blends, and ethanol and petrol blends. The new prescribed cases continue, extend, and make clearer the amendments made to regulation 52 by section 29 and Schedule 2 of the Customs and Excise Amendment Act 2012.
Date of notification in Gazette: 21 June 2012.
These regulations are administered by the New Zealand Customs Service.