Post by Sapphire Capital on Jul 24, 2008 22:39:24 GMT 4
July 23, 2008
The New South Wales Supreme Court in Australia ordered Camile Trading, a petroleum wholesaler, and the estate of Leslie Ronald Fletcher, its principal, who died last year, to pay a A$21 million ($20.4 million), fine after it was found the company had illegally blended petroleum products such as petrol, diesel, heating oil and ethanol to obtain a price advantage.
The offences related to the manufacturing of excisable goods, the movement of excisable goods and the evasion of excise duty.
"This case represents one of the largest penalties ever handed down by a court for an excise matter and sends a clear message that evading excise duty is a serious offence with very serious consequences," said Tim Dyce, tax office deputy commissioner for excise.
The New South Wales Supreme Court in Australia ordered Camile Trading, a petroleum wholesaler, and the estate of Leslie Ronald Fletcher, its principal, who died last year, to pay a A$21 million ($20.4 million), fine after it was found the company had illegally blended petroleum products such as petrol, diesel, heating oil and ethanol to obtain a price advantage.
The offences related to the manufacturing of excisable goods, the movement of excisable goods and the evasion of excise duty.
"This case represents one of the largest penalties ever handed down by a court for an excise matter and sends a clear message that evading excise duty is a serious offence with very serious consequences," said Tim Dyce, tax office deputy commissioner for excise.