A bill to exclude from the Caribbean Basin Economic Recovery Act ethyl alcohol used for fuel which is merely distilled or denatured in a beneficiary country.

Amends the Caribbean Basin Economic Recovery Act to exclude ethyl alcohol and any mixture containing ethyl alcohol which is suitable as a fuel or for creating specified fuel mixtures from eligibility for duty-free treatment merely by its having been subjected to distillation or denaturing within a beneficiary country.

Provides for a refund of duties paid on such alcohol or mixture upon proof that such alcohol or mixture was not and can no longer be used as a fuel or to produce the specified fuel mixtures. Allows the Secretary of the Treasury to establish refund procedures.

Restricts application of this Act to articles entered, or withdrawn from warehouse, for consumption after 15 days since this Act's enactment and before January 1, 1993.