Customs Duty Versus Free Trade

[Sydneykid]

Any one work in a customs house (or knows someone that does) who can confirm that the USA Australia Free Trade Agreement means that there will be no Import Duty on on parts (such as turbos) brought in direct from the USA. I assume that there will still be GST at 10% but even that will be less as it used to be based on the price after the Duty was added. This means my $US1600 turbo should be $A230 cheaper.

[paulr33]

my sister does. will find out

[666DAN]

Funny you should say that, I'm pretty sure you're right, as I remember a guy being interviewed about the effect it would have on his business as he imported intercooler cores for fabrication over here.

I'm 99% sure we get things cheaper now

[paulr33]

sorry she doesn't know as shes in a different area, was close but no cigar

[stolly]

Yes, duty will be no more but we will still obviously pay goods & services tax.

[NXTIME]

Correct, SK. (as usual)

[Sydneykid]

So is the implementation date of the Free Trade Ageement 1st January 2005, ie; two weeks ago?

[Warpspeed]

Yes, first of this month no more import duty on American imports. GST only (if applicable).

[blk180]

What say if i wanted a 56 chev would that also have the taxs cut or only new products