Reg 52GA repealed by SLI No 58 of 2006, reg 3 and Sch 1 item 2, effective 22 March 2006. Reg 52GA formerly read:
REGULATION 52GA AMOUNT OF REMISSION, REBATE OR REFUND FOR CERTAIN PETROLEUM PRODUCTS USED IN GAS TURBINES
52GA(1)
The amount of remission, rebate or refund of excise duty on fuel referred to in paragraphs
50(1)(zi)
and (zj) is the amount worked out using the formula:
| volume
×
(primary rate
−
secondary rate) |
where:
volume
means the volume, in litres, of the fuel.
primary rate
means the rate of duty applicable to goods described in Schedule 1 to the
Excise Tariff Proposal No 1 (2003)
as diesel having a sulphur content not exceeding 50 parts per million (other than a recycled product on which Customs or Excise duty has been paid, recovered by a process not being a process of refining).
History
Definition of ``primary rate'' substituted by SR No 203 of 2003, reg 3 and Sch 1 item 5, effective 1 July 2003. The definition formerly read:
primary rate
means the rate of excise duty applicable to goods classified to subparagraph 11 (B) (1) (a) in the
Schedule
to the
Excise Tariff Act 1921
.
secondary rate
means the rate of excise duty applicable to goods classified to subparagraph 11(B)(1) (b) in that
Schedule
.
52GA(2)
To calculate the amount of any rebate or refund under subregulation (1), the amount of the rebate or refund is based on the primary rate and the secondary rate applicable:
(a)
at the date on which the fuel was entered for home consumption; or
(b)
if the date referred to paragraph (a) is not known, at the date on which the fuel was purchased by the applicant for the rebate or refund.
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