Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 108.5

             (1)  The value of a * taxable supply of * excisable goods that are in bond is the sum of:

                     (a)  the value of the supply worked out in the way set out in section 9- 75; and

                     (b)  the amount of * excise duty to which the goods would have been subject if they had been entered for home consumption under the Excise Act 1901 at the time the supply first became a supply * connected with Australia.

             (2)  However, this section does not apply to a supply of goods to a * recipient who:

                     (a)  is * registered or * required to be registered; and

                     (b)  acquires the goods solely for a * creditable purpose.

             (3)  This section has effect despite section 9- 75 (which is about the value of taxable supplies).