Quota of overseas departments' rum at the reduced excise rate raised to 108,000 hectolitres of pure alcohol
Article 65 of the 2007 Amending Finance Act raises from 90,000 to 108,000 hectolitres of pure alcohol the annual quota of traditional rum from the overseas departments that benefits from a reduced consumption duty in mainland France (Articles 362 and 403 of the General Tax Code). It applies retroactively from 1 January 2007. The increase follows a decision of the Council of the European Union of 9 October 2007. The quota was later raised to 120,000 hectolitres of pure alcohol.
Measure originators
European origin
EUNo official estimate found for this measure.
Measure impact
Producers of traditional rum in the overseas departments can sell an extra 18,000 hectolitres of pure alcohol a year in mainland France at the reduced excise rate.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
President of the Republic signature
Publication au Journal officiel
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration