Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Settlement for outstanding duty reached

Settlement for outstanding duty reached

The New Zealand Customs Service and Terminals (N.Z.) Limited have reached an agreement over the payment of additional duty on butane blended petrol.

The settlement follows the Supreme Court ruling last year that the process of blending butane with petrol constitutes ‘manufacture’ for the purposes of the Customs and Excise Act and is subject to duty.

Group Manager Legal Services, Peter Taylor, said Customs and Terminals have reached a confidential agreement for the payment of additional duty on the extra amount of motor spirit created by adding butane.

“We are pleased that all matters between Customs and Terminals have now been resolved.”

Dave Bodger, General Manager for Terminals, stated “This settlement closes a door on a long process and we are very pleased to be resuming our previously positive working relationship with Customs.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Port Study: Port To Ship Out – No Departure Date

Interest groups in Auckland and its waterfront chose a group of representatives to determine the future of the port. Their consensus is that the Port is going to have to move but not before a credible location is confirmed... More>>

ALSO:

Tax: GST Threshold For Online Purchases Won't Lower Before 2018

The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More>>

ALSO:

North Canterbury: Government Extends Drought Classification

The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More>>

ALSO:

Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ

After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

ALSO:

Other Centres' Convention Centres:

Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan

Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news