Industry, Tourism and Resources Legislation Amendment Act 2003 (21 of 2003)

Schedule 1   Miscellaneous amendments and repeals

ACIS Administration Act 1999

7   After Division 2 of Part 7

Insert:

Division 2A - Application of duty credit against previously paid duty

75A When can a person apply duty credit against duty that has already been paid?

(1) A person can apply duty credit the person owns against duty that the person has already paid if that duty was paid in respect of the importation, on or after 1 January 2001, of eligible imports.

Note: The purpose of applying duty credit in this way is to get a refund (equal to the amount of duty credit applied) of duty that has already been paid. For provisions about refunds, see the regulations made for the purposes of section 163 of the Customs Act 1901.

(2) An application of duty credit under subsection (1) can only be made by notifying the Secretary. The notification must:

(a) be in writing; and

(b) be in the approved form; and

(c) contain such information as the form requires; and

(d) be signed in the manner indicated in the form; and

(e) comply with any other applicable requirements specified in regulations made for the purposes of this paragraph.