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 from eligibility for duty-free treatment ethyl alcohol and any mixture containing ethyl alcohol which is suitable for use as a fuel or for creating specified fuel mixtures which has merely been subjected to distillation or denaturing within a beneficiary country (one of certain Caribbean countries).

Refunds all duties paid on such alcohol or mixture upon proof that such alcohol or mixture was not and can no longer be used as 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Restricts application of this Act to articles enentered, or withdrawn from warehouse, for consumption after 15 days of enactment of this Act and before January 1, 1993.