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Anon
By AA | Moderator | 844 Posts | 20 January 2011 at 2:42pm

Can you please shed light on what is the excise duty for imported bunker fuel oil for industrial use?

It is categorized as free from the port, however, I can't find any information on duty (or levy) charges by the government.

Daphne

From the "Ask Jack" archives - 6 March, 2009

jbiddle
By jbiddle | Community Member | 1657 Posts | 21 January 2011 at 8:54am

As in the past with similar questions, I have asked our Senior Policy Analyst and spokesperson on this topic Mark Stockdale to answer:

You are quite right that there is no excise on bunker fuel. The price you would pay will be the landed cost, which reflects the commodity price (in US$) adjusted to the NZ exchange rate, plus shipping, with no taxes added.

Some more information from the Ministry of Economic Development on fuel excise is contained here:

http://www.med.govt.nz/upload/59482/12_Prices.pdf (page 15, table J6a - light or heavy fuel oil).