You will require this licence if you intend to store and sell goods to which excise and customs duty usually apply without charging the duty.
Excisable goods are goods manufactured in Australia which are subject to a commodity-based tax. Excisable goods are equivalent to imported goods that require customs duty to be paid.
Excisable goods include:
- fuel and petroleum products.
Goods can be sold with excise or customs duty added, however, all goods sold with excise or customs duty added under a licence to store goods with permission to sell duty free must be accounted for.
There are different kinds of operations that can sell goods duty free:
- outward bound duty-free store that is located at an airport selling tobacco and alcohol to customers leaving the country
- outward bound duty-free store selling tobacco and alcohol to customers leaving the country
- outward bound duty-free store selling petroleum to ships and aeroplanes that are on an international voyage
- inward bound duty-free store located at an airport selling tobacco or alcohol to customers prior to being screened by customs.
Licences are restricted to what you need to do, and each excisable product that you intend to sell must be listed on your licence application.