NZ petrol companies wary of customs law overhaul

Thu, 16 Mar 2017

By Paul McBeth March 16 (BusinessDesk) - New Zealand's petrol companies are welcoming a change to 20-year-old customs and excise law but want to make sure they don't get blindsided by the way officials judge whether a blended fuel will attract more duty. Customs New Zealand has been at loggerheads with fuel companies after a Supreme Court ruling in its favour over whether locally blended butane/motor spirit was another form of manufacturing on top of oil refining, attracting additional duty. That long-running case with Gull New Zealand c...

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