24 APRIL 2024 – FUELLING EFFICIENCY: EXPLORING PROPOSED AMENDMENTS TO THE CUSTOMS AND EXCISE ACT24 APRIL 2024 –

Public commentary opened in December 2023 and the second round of commentary has just opened on the draft amendments to the rules under section 21(1) and 60 of the Customs and Excise Act of 1964. One of the proposed amendments relates to the creation of a new warehousing type for imported fuel levy goods, both land-based and sea-based. Additionally, part 1 of the proposed amendments creates a requirement of a maximum sulphur content in terms of residual fuel oil products primarily used in ships and boats as fuel. The amendments define the permissible movements in regard to these warehouses and the bunkering of vessels. A strong stance on re-warehousing has been proposed as well as special provisions suggested for licensed marine removers of imported bunker fuel.

For the full draft amendment bill click here.

Commentary is open until Friday the 10th of May 2024, should you require any assistance please do not hesitate to contact our team.   

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