Importing a Vehicle into Australia – Valuing Your Vehicle for Border Force
How your vehicle is valued to calculate import duty and GST depends on the circumstances in which it is imported
Vehicles recently purchased overseas (Pre 1989 and RAWS import approvals)
The way these are valued is quite simple.
The value that Customs Duty is paid on (where applicable) is the sum of the following:
– Purchase price of the vehicle
– Any costs incurred overseas (Asbestos testing, transport, repairs etc)
The value that Import GST is payable on is the sum of the following:
– Purchase price of the vehicle
– Any costs incurred overseas (Asbestos testing, transport, repairs etc)
– Ocean freight to port in Australia
– Insurance
– Duty if applicable
Personal Import Scheme
Cars imported under the Personal Import Scheme need to be owned and used by the importer overseas for a period of twelve months or more.
In this case the vehicle needs to be valued in Australia to determine the amount of duty and GST applicable.
We can take care of this valuation for you and ensure you don’t pay too much import duty and GST.
Please contact us for more information