The French General Directorate of Customs and Indirect Taxes Sept. 30 issued Circular No. 25-042, on the modified duties and taxes for energy products, effective Oct. 1. The circular includes: 1) updated rates on energy products subject to excise duties; 2) that customs authorities collect royalties on behalf of the Professional Committee for Strategic Oil Stocks (CPSSP); 3) that unapproved warehouse operators must pay the royalty upon releasing products for consumption; 4) detailed product tables listing product codes, taxable units, applicable excise duties, and modified CPSSP royalty amounts; and 5) information regarding the exemption for the domestic tax on the ...
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