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| Friday, 24 May 2013 |
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Government to increase Import Processing Charges | ||||||||||||
| Dear All,
The Government has announced as part of the 2013-2014 Commonwealth budget that there will be a restructure to the Import Processing Charge (IPC) to recover the costs of all import related cargo and trade functions undertaken by the Australian Customs and Border Protection Service. Currently only a portion of these functions is cost recovered. To recover these costs charges will be increased for consignments valued over $10,000. The increase to the IPC will result in additional revenue of $674.3 million over four years and will be implemented in accordance with the Australian Government's cost recovery policy.
The new charges will come into effect on 01 January 2014. For consignments valued over $10,000, the IPC for electronic sea import declarations will be increased by $102.60 to $152.60 per consignment; and the IPC for electronic air import declarations will be increased by $81.90 to $122.10 per consignment.
The revised schedule of Customs import processing charges is summarised in the table below.
At this stage there has been no announcement regarding any changes to import charges applied by DAFF Bio Security (AQIS).
Whilst there is a possibility of alterations or further clarification prior to final implementation, AFIF recommends that members notify their customers as soon as possible.
Thank you and regards
Paul Angel |