Compulsory stocks in the first year of operation

2016-04-13 13:49:23

The first year of an economic activity - the next twelve calendar months, starting from the month in which the trader began in the framework of business activity actual production or import of fuels and crude oil imports.

The basis for calculating compulsory stocks of crude oil and fuels for the producer and trader in the first year of an economic activity is:

  • the total volume of imports of crude oil or fuels, or fuels production in a given month and the months before, counted from the month in which the trader began in the framework of business activity actual production or import of fuels or import of crude oil and
  • volume of stocks expressed in number of days' average daily production of fuels or import of crude oil or fuel, as defined in Articles 5, paragraph 3 or 3a of the Act for a given calendar year.

Producer and trader, in the first year of an economic activity in terms of fuel production or import of crude oil and fuels,  are obliged to create and maintain compulsory stocks of crude oil and fuels as defined above, starting from the 15th day of the month following the month in which the import or production has been made.

The producer and trader, are obliged by the end of the calendar year, in which the first year of business has ended, to maintain compulsory stocks of crude oil and fuels in the amount calculated in accordance with the above rules.

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Close Pierwsza publikacja: Weneta Lenius (13.04.2016)
Ostatnia publikacja: Weneta Lenius (13.04.2016)