jeffhigh wrote:Yes, but only when the value of the goods themselves exceeds $1000kiwigeo wrote:Steve,
Isn't GST assessed on value of goods PLUS freight?
So you could have $1000 Au of goods with $300 shipping and insurance and pay no Duty or GST
Get to $1001 and you pay duty if applicable then GST on value of (goods+duty+shipping and insurance)
Duty is determined on the Customs value of the goods. The Customs value of the goods is usually the amount you paid for your goods, converted to Australian currency. The exchange rate that is used is the rate applied on the day the goods were posted or exported.
GST is paid on the Value of the Taxable Importation (VoTI).
The VoTI is the sum of:
the Customs value (Cval)
transport and insurance cost (or postage and insurance) (T&I)
any duty payable, plus
WET (if applicable).
The duty is applicable to the VALUE OF THE ITEMS (not inc postage). The TOTAL COST of items AND postage, determines if it it is stopped and requires paperwork (total = > $1000). Ive been billed for zero duty, but GST and paperwork costs, when the items were under $1000, but the total cost inc postage exceeded $1001.
http://www.customs.gov.au/site/page5549.asp