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PCGS Package At Customs And The GST

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Eric's Avatar
Australia
222 Posts
 Posted 04/23/2008  6:59 pm Show Profile   Bookmark this topic Add Eric to your friends list Get a Link to this Message Number of Subscribers
I'm an Aussie dealer, and one of my packages is stuck at customs. Does anyone from Australia know whether I have to pay GST on the coins (which originated from Australia, and this is specified on the box) or whether I should pay GST on the grading fee, or whether I shouldn't pay GST at all.
Sorry, if this isn't exaclty the right board for it.

Rgds,
Eric
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 04/23/2008  7:55 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
G'day, there is an old thread about this.
My understanding is that Oz coins are money, or cash ... and as such, neither a good nor a service.
Also financial transactions, per se, are not subject to GST, but whether the repatriation of Oz coins is an exempt transaction, I have no idea.

As the grading fee was paid outside Oz, I'd be astonished if that was taxable inside Oz.

Customs have opened a few of my parcels, but I've never been queried as to GST, excise, duty, etc.

Peter in Darwin
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wwwww's Avatar
Australia
541 Posts
 Posted 05/01/2008  09:30 am  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
Coins are subject to GST, however you don't have to pay GST on return of goods internationally - make sure to declare them as 'returned goods' when bringing them in.
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