Gull to appeal Customs decision to Supreme Court

Cut-price petrol retailer Gull Petroleum has won the right to appeal to the Supreme Court in its stoush with the Customs Department over the rate of excise duty it should charge on butane added to petrol arriving at the wharf in New Zealand.

The excise rates on locally produced butane are lower than for imported product, but the import rate should be levied if the company is deemed to have been "manufacturing" petrol, Customs has argued.

The excise rates on locally produced butane are lower than for imported product, but the import rate should be levied if the company is deemed to have been "manufacturing" petrol, Customs has argued.

Some $20 million of revenue is at stake.

Customs lost its argument in the High Court, won in the Court of Appeal in December, and now faces a Supreme Court hearing.

The issue came to light when BP New Zealand applied to do as Gull had been doing and was turned down. Customs then sought to claim alleged unpaid excise from Gull's subsidiary, Terminals New Zealand.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PF - Details of Interim Results Webcast
Scott Secures NZ$18 million in Global Contracts for Protein
January 14th Morning Report
AFT - NEW YEAR LETTER TO INVESTORS
TruScreen Invited to Present WHO AI Collaboration Meeting
January 13th Morning Report
January 10th Morning Report
January 9th Morning Report
FCG - Migration to NZX Main Board
FSF - Application to delist FSF from ASX has been submitted