3/05/2012 (Agence Europe) - Excise duty. On Wednesday 2 May 2012, the ECOFIN Council adopted a regulation to update the rules governing administrative cooperation among Member States when it comes to the collection of excise duty, with the aim of speeding up the collection and monitoring of duty by the Member States. The new regulation replaces the existing rules, incorporating introduction of a control system on the movement of goods subject to excise duty (EMCS). Some information is...