Summary
Introduced with the Customs Tariff Amendment (Fuels) Bill 2004, the bill amends the Excise Tariff Act 1921 to provide for new differential excise duty rates for high sulphur diesel and ultra low sulphur diesel and certain similar products; increase the excise duty rate for aviation kerosene and aviation gasoline; introduce an excise duty on biodiesel for use as a fuel in an international combustion engine; and enable previously paid duties to be deducted in the formula for calculating excise duty payable on fuel ethanol/gasoline blends.