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New levy rates for the Petroleum or Engine Fuel Monitoring Levy (PEFML) on 1 July 2026 | | The rates for the PEFML levy decreased on 1 July 2026 from 0.69 cents per litre to 0.57 cents. This levy applies to petroleum or engine fuel specified in the Excise and Excise-equivalent Duties Table as motor spirits, diesel, biodiesel and ethyl alcohol. The full list of tariff items can be found on the Customs website. | | | |
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Reduced Compensatory Interest Rate Set | | New Zealand Customs has set the reduced rate for compensatory interest at 2.72%, which came in effect on 1 July 2026.
The reduced rate is based on the Reserve Bank of New Zealand's 90-day bank bill rate. The applicable rate reflects the 90-day bank bill yield as at 30 June 2026.The reduced rate applies where clients voluntarily disclose inadvertent errors resulting in an underpayment.
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New Pae Ora (Healthy Futures) Alcohol Levy rates now in effect | | The Ministry of Health has confirmed changes to the Pae Ora (Healthy Futures) Alcohol Levy rates which took effect on 1 July 2026.
Alcohol products removed from a licensed manufacturing area or imported after midnight on 30 June 2026 will be subject to the new rates. | | | |
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Tobacco Action Group operation stubs out illegal tobacco crime ring | | Five arrests and seizures of more than 1.3 million illegal cigarettes, along with approximately NZ$170,000 cash have been made in the first joint operation since the multi-agency Illicit Tobacco Action Group was established in May 2026. | | | |
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Auckland man jailed for child sexual abuse material | | A 30 year-old Auckland man was sentenced in the Manukau District Court yesterday (29 June 2026) to three years and seven months' imprisonment after he was arrested by Customs officers and charged with importing, possessing and distributing objectionable publications. He was automatically registered as a Child Sex Offender. | | | |
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Thinking of exporting to India? | | India is a significant market for New Zealand's high-quality food and fibre products.
The Ministry for Primary Industries (MPI) Exporter Help team has developed an Exporting food and fibre to India guide to help businesses navigate key exporting requirements.
This guide is not exhaustive, and businesses are encouraged to work with trusted importers to ensure their exports are successful.
Exporting to India involves navigating a complex and evolving regulatory landscape. However, careful engagement with the market and a long-term approach to partnerships can offer meaningful opportunities.
If you have any questions, you can email exporterhelp@mpi.govt.nz. | | | |
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MFAT Market Intelligence Reports | | The latest edition of the weekly global trade and economic update for New Zealand businesses has been published. | | | |
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