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GUIDE TO IMPORTING _ EXPORTING

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GUIDE TO IMPORTING _ EXPORTING Powered By Docstoc
					GUIDE TO IMPORTING
   & EXPORTING
CUSTOMS PRINCIPAL ROLES
• To facilitate trade and the movement of
  people across the Australian border while
  protecting the community and maintaining
  appropriate compliance with Australian
  law;
• To assist Australian industry through the
  delivery of Govt. support measures; and
• To effectively collect customs revenue
       IMPORTING GOODS
• All goods imported to be cleared by
  Customs
• Formal entry > $250 imported by air/sea
• Formal entry > $1000 by postal system
• Require - commercial documents
           - bill of lading
           - air waybill
• Complete description of goods
     Information required (contd)
•   Country of origin
•   Number of packages
•   Marks & numbers and quantity
•   Selling price of goods to buyer
•   Freight costs
                           IMPORT COSTS
• Manual entries - $65.75 (sea)
                 - $48.85 (air/post)
          plus $ 1.00 per line of cargo
• Electronic entries (via COMPILE system)
                 - $ 44.00 (sea)
                 - $ 27.10 (air/post)
  plus 20 cents per line of cargo after first 10 lines
• Entries are subject to $ 3.00 AQIS levy and
  Tradegate usage charges for electronic entries
     ENTERING YOUR GOODS
Goods are “entered” for Customs purposes using
  the COMPILE ADP system - this system;
• edits & validates data
• handles currency & quantity conversion
• determines Customs value of goods & calculates
  duty & GST payable
• processes data through the community protection
  profile system
    CUSTOMS VALUATION
         SYSTEM
• Based on WTO Valuation Agreement
• Transaction Value
     - price paid or payable
• Overseas freight & insurance
• Place of export
                   GST
• Broad based tax ( 10% )
• Value of Taxable Importation (VOTI)
• Customs value + International transport &
  insurance + Duty + WET (if applicable)
• Wine Equalisation Tax (WET)
• Luxury Car Tax (LCT)
• Tourist Refund Scheme (TRS)
        GST CALCULATION
             (example)
• Customs value               $1000.00
     Customs duty @ 5%        $ 50.00
     Plus international T&I   $ 150.00
     VOTI                     $1200.00
     GST @ 10%                $ 120.00
     Total payable            $ 170.00
• Import Prohibitions & Restrictions

• Commerce Trade Descriptions

• Origin of Goods

• Temporary Imports
        INDUSTRY SCHEMES
•   Customs Warehouses - duty deferral
•   Duty Drawback Scheme
•   Tariff Concession System
•   AusIndustry
•   Frontline
•   Industry Referrals
         COMPLYING WITH
            CUSTOMS

•   Aim to maximise voluntary compliance
•   Self assessment regime
•   Post transaction audits
•   Industry groupings
          CUSTOMS AUDITS
•   Initial contact (usually via phone)
•   Entrance interview
•   Opportunity for voluntary disclosures
•   Conduct of Audit
•   Exit interview
       CUSTOMS SANCTIONS
•   Warning letters or formal counselling
•   Scrutiny of future transactions
•   Conditional underbond movements
•   Administrative penalties regime
•   Prosecution action as a last resort
       HOW TO COMPLY WITH
      IMPORT REQUIREMENTS ?
•   Keep adequate import records
•   Ensure imports are correctly entered
•   Provide accurate valuation & associated costs
•   Ensure stated origin of goods is correct
•   Ensure trade marks are correct
•   Don’t supply incomplete information
      HOW TO COMPLY WITH
     EXPORT REQUIREMENTS ?

•   Retain adequate records
•   Ensure exports are correctly entered
•   Provide accurate data
•   Obtain permits where required
•   Claims for export concessions
            CONTACTS
• Custom Information Centre
      3rd Floor Tower, Sydney Central
      477 Pitt Street, Sydney
• Internet www.customs.gov.au
• E-mail www.information@customs.gov.au
• Tax Reform www.taxreform.ato.gov.au
• Phone 9213 2000 (1300 363 263)
• Fax      9213 4043

				
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posted:9/4/2011
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