New storage rules benefiting brewers

On Wednesday (14 June), Customs Minister Tim Macindoe saw first-hand the positive impact new offsite storage regulations are having on small to medium sized breweries.

The Minister visited North End Brewing Co in Waikanae with Local MP Nathan Guy to inspect their offsite storage facility, as well as its brewery site.

Before February 2017, only wine makers could move stock to offsite facilities and delay the point at which they paid excise duty. All other alcohol producers paid duty as their product left the site of manufacture, regardless of whether it was to be stored before going to market.

Since offsite storage provisions were extended to all alcohol goods in February, six offsite storage applications have been approved by Customs and one further application is pending.

Read the full article on the beehive website here

Issue: 
16 June 2017

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