Commonwealth Numbered Regulations

EXCISE AND CUSTOMS LAWS AMENDMENT (2014 MEASURES NO. 1) REGULATION 2014 (SLI NO 114 OF 2014) - SCHEDULE 1

Customs Regulations 1926

1  At the end of subregulation 126(1)

Add:

                  ; (zc)  both of the following apply:

                              (i)  duty has been paid on goods;

                             (ii)  the effect of the amendments made by the Customs Tariff Amendment (Carbon Tax Repeal) Act 2014 is that duty is payable on the goods at a rate that is less than the rate which was applicable when the goods were entered for home consumption.

2  After subregulation 128A(2A)

Insert:

          (2B)  An application for a refund of duty in the circumstance prescribed in paragraph 126(1)(zc) must be made no later than 12 months after the day on which the duty was paid.

3  After subregulation 128B(7)

Insert:

          (7A)  For subsection 163(1A) of the Act, the amount of a refund, rebate or remission of duty that may be made in the circumstance prescribed in paragraph 126(1)(zc) is the amount of duty paid that was not payable.