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Thursday, 11 November 1971
Page: 3439

Mr Cohen asked the Minister for Customs and Excise, upon notice:

(1)   Is it a fact that $31. 9m more than average was paid in excise by cigarette and tobacco firms immediately prior to the Budget (Hansard, 7th October 1971, page 2113).

(2)   If so, what estimates have been made of the sum saved by these companies.

Mr Chipp - The answer to the honourable member's question is as follows:

(1)   Cigarette and tobacco companies paid, in the 5 working days prior to the Budget, $3 1.9m Excise duty in excess of the average weekly excise payments on tobacco products during the previous 3 months.

(2)   If the companies had paid duty on the quantities represented by this$3 1.9m after the Budget, additional duty payable would have been $3 . 4m.

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