HCOTEG141500 - Traders Accounts, Records and
Returns: Quantities to be shown in the accounts
The directions of
Public Notice 179 part 4 apply to excise duty.
For customs duty purposes traders should be allowed to adopt
the form and method of keeping customs duty stock accounts which
best suits their accounting and operating procedures, subject to
meeting the minimum requirements of
Public Notice 171.
You should discuss a producer’s proposal for keeping
records and accounts dealing with customs duty due (or potentially
due) at producers premises and confirm that they meet the
requirements of R3-18 Imported End Use Relief and R6-1 The
Community System of Duty Reliefs, Part 17 ‘Goods for
Examination, Analysis or Test’. As far as possible, existing
accounts should be adapted for the purpose.
- the point at which chargeable oil is taken into use or process
is agreed, and is clearly identified in writing;
- necessary undertakings are given;
- suitable records are set up for the purpose of making entry of
oils as required by Public Notice 171;
- records similar to those in (3) are set up for oil within
Tariff Commodity Headings 27.07 and 29.01 used in producers
premises other than as motor and heating fuels;
- stock accounts provide the particulars required by Public
Notice 171 and that suitable arrangements are made for taking and
keeping account of oils entered for process but remaining
- suitable arrangements are agreed and suitable records set up to
enable relief from duty on oil allocated for export production to
be dealt with as described in Public Notice 171 and for the
products of process to be properly accounted for.