Are you eligible for TRADEX?

The Tradex Scheme provides an upfront exemption from Customs Duty and GST on eligible goods imported and then exported within one year or other approved period.

 

TRADEX

 

The Tradex Scheme provides an upfront exemption from Customs duty and GST for goods imported to Australia that are then exported within one year or other approved period. This provides a cash-flow benefit to the importer.

 

The goods may be:

  • exported in the same condition as imported
  • processed or treated then exported, or
  • incorporated in other goods which are exported.

Export may be carried out by the importer or a third party. The goods must be exported within one year although approval can be sought to extend this period.

 

The Tradex Scheme is an alternative to the duty drawback arrangements under the Customs Act 1901. Duty drawback allows the importer to claim back Customs duty paid on goods that are then exported.

 

For more information, visit www.business.gov.au/assistance/tradex-scheme.

This entry was posted in ENews, Industry News on Monday, December 5th, 2016

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