EXCISE REGULATION 2015
This section is made for subsection 78(2) of the Act.
12(2)
The amount of a remission, rebate or refund of excise duty that may be made in a circumstance mentioned in an item of the following table is the amount mentioned in the item.
Amount of remission, rebate or refund in a circumstance | ||
Item | Circumstance | Amount |
1 | A circumstance mentioned in item 8 of the table in subclause 1(1) of Schedule 1 . | The amount that is the difference between the amount of duty paid and the correct amount of duty. |
2 | A circumstance mentioned in item 9 of the table in subclause 1(1) of Schedule 1 . | The amount that is the whole of the duty paid. |
3 | A circumstance mentioned in item 10 of the table in subclause 1(1) of Schedule 1 . | The amount that is the difference between: |
(a) | the amount of duty paid; and | |
(b) | the amount of the duty ascertained at the end of the relevant financial year under whichever of section 6B , 6C , 6CA or 6D of the Excise Tariff Act 1921 applies. | |
4 | A circumstance mentioned in item 11 of the table in subclause 1(1) of Schedule 1 . | The amount that is equal to the negative amount mentioned in the item. |
5 | (Repealed by FRLI No F2021L00745) | |
6 | A circumstance mentioned in item 22 of the table in subclause 1(1) of Schedule 1 . | The amount that is the difference between: |
(a) | the amount of duty paid; and | |
(b) | the amount that is payable due to the amendments mentioned in the item. | |
7 | A circumstance mentioned in item 10 of the table in subclause 2(1) of Schedule 1 . | The amount that is the whole of the duty payable. |
Rebate or refund set off against liability for excise duty
12(3)
The amount of a rebate or refund of excise duty that is payable to a person: (a) may be set off against the whole, or part, of that person ' s liability for excise duty; and (b) if the amount is set off as described in paragraph (a) - is taken to have been paid to the person.
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