Excise Act 1901

PART VII - SPECIAL PROVISIONS RELATING TO TOBACCO  

SECTION 67   67   GENERAL INTEREST CHARGE ON UNPAID DUTY  
If any of the Excise duty remains unpaid after it is due under subsection 66(6) , the person liable to pay the duty is liable to pay the general interest charge (within the meaning of the Taxation Administration Act 1953 ) on the unpaid amount of the Excise duty for each day in the period that:


(a) started at the beginning of the day by which the amount was due to be paid; and


(b) finishes at the end of the last day, at the end of which, any of the following remains unpaid:


(i) the amount;

(ii) general interest charge on any of the amount.

Note: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953 .


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