58.1-2238 - Returns and discounts of importers. - Virginia Statutes

§ 58.1-2238. Returns and discounts of importers.

A. A monthly return of a bonded importer or an occasional importer shallcontain the following information concerning motor fuel imported during theperiod covered by the return and any other information required by theCommissioner:

1. The number of gallons of imported motor fuel acquired from a supplier whocollected the tax due the Commonwealth on the fuel;

2. The number of gallons of imported motor fuel acquired from a supplier whodid not collect the tax due the Commonwealth on the fuel, listed by sourcestate, supplier, and terminal; and

3. If he is an occasional importer, the number of gallons of imported motorfuel acquired from a bulk plant, listed by bulk plant.

B. An importer shall not deduct an administrative discount under subsection Cof § 58.1-2233 from the amount remitted with a return. An importer whoimports motor fuel received from an elective supplier or a permissivesupplier may deduct the percentage discount allowed by subsection C of §58.1-2233 when remitting tax to the supplier, as trustee, for payment to theCommonwealth. An importer who imports motor fuel received from a supplier whois not an elective supplier or a permissive supplier shall not deduct thepercentage discount allowed by subsection C of § 58.1-2233 when filing areturn for the tax due.

(2000, cc. 729, 758; 2003, c. 781.)