Excise Tariff Amendment Act (No. 1) 2001 (39 of 2001)

Schedule 1   Amendment of the Excise Tariff Act 1921

Part 3   Amendments having effect on and from 1 January 2001

10   Subsection 6G(1) (definition of previously paid duties )

Repeal the definition, substitute:

previously paid duties means the sum of:

(a) the excise duties (if any) that have already been paid on goods that are constituent elements of the excisable blended petroleum product and that are classified to item 2, 11, 12 or 15 of the Schedule; and

(b) to the extent that Customs duties have been paid on imported goods that are constituent elements of the excisable blended petroleum product and that would have been classified to item 11 or 15 of the Schedule if produced in Australia - so much of the Customs duties paid on those imported goods as represents the application of the excise equivalent rate in relation to those imported goods;

worked out in accordance with subsection (4).