Worldwide Customs & Regulatory Updates
October 29, 2005 Australia Formal Entry Threshold Increase
The Australian Customs Service (ACS) has announced an increase in the formal entry ("high value") threshold from AU$250 to AU$1,000 effective from October 12, 2005. This means that shipments destined to Australia with a customs value of up to AU$1,000 will be cleared without the imposition of duties and taxes (with the exception of tobacco and alcohol).
The changes are part of the Australian Customs Service's Cargo Management Re-engineering (CMR) project, which includes new legislation, new business processes, and a new import reporting system for Australia.
This threshold increase means that shipments destined to Australia may be delivered earlier and free of any duties, GST or processing charges.
For more information, please contact your FedEx Sales Representative or your local FedEx Customer Service.
For more information on the Australian Customs Service and its changes to the formal entry threshold (Notice #2005/57) please visit www.customs.gov.au (follow the links to Cargo Management Re-Engineering).
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