Refunds of Duty Paid on Petrol, including Petroleum-Based Oils

The Australian Border Force (ABF) have published ACN 2024/23 in relation to the Refunds of Duty Paid on Petrol, including Petroleum-Based Oils

From 1 July 2024, item 14 of the table in clause 1 of Schedule 6 to the Customs Regulation will permit refunds of customs duty paid to also include imported petroleum-based lubricants and greases that:

· meet the amended definition of 'petrol' in the Customs Regulation;
· customs duty has been paid;
· have not been used, and is returned to a manufacturer licensed under the Excise Act 1901; and
· the lubricant or grease undergoes further manufacture or production into an excisable good

Claiming a refund in the Integrated Cargo System

A new treatment code 141 has been created for applicants seeking a refund of customs duty paid on petrol or petroleum-based oils returned unused for further manufacture or production.

To claim a refund, when amending the relevant full import declaration, refund reason code P is to be used. Applicants will need to answer a lodgment question which will confirm the refund application complies with item 14 of the table in clause 1 of Schedule 6 to the Customs Regulation.

Further information on the new refund circumstance is available at www.abf.gov.au/importing-exporting-and Australia's customs service ` manufacturing/importing/refund-of-customs-duty.

Information on the remaining measures in the Excise and Customs Legislation Amendment (Streamlining Administration) Regulations 2024 is available at www.ato.gov.au