Duty Deferral Plus
The Duty Deferral Plus benefit allows Trusted Traders who defer Goods and Services Tax (GST) to defer the payment of duty and other taxes and charges to a consolidated monthly payment. The consolidated payment is to be paid on the 21st day of the month following the month in which the goods are imported. For example, duty on all applicable goods imported in March will need to be debited from your account on 21 April or the next bank working day.
The charges Trusted Traders can defer under Duty Deferral Plus are:
Customs Duty
Anti-Dumping and Countervailing Duty
Wine Equalisation Tax (WET)
Luxury Car Tax (LCT)
Import Processing Charge (IPC)
The Wood Levy
Department of Agriculture, Fisheries and Forestry processing charges for full import declarations (air/sea).
This benefit is available to Trusted Trader importers who defer payment of GST via the Australian Taxation Office's Deferred Goods and Services Tax Scheme. Some charges will continue to be paid at the time of import, including any fee-for-service charges that may be applied to an importation. Duty Deferral Plus is not available on Excise Equivalent Goods or for excise equivalent customs duties.
Due to invoice processing, all FIDs and SACs that have had duty deferred in the previous month will be ‘locked down’ between the 16th and 21st days of the month in which the payment is due. During this ‘lock down’ period those FIDs and SACs cannot be accessed for purposes of amendment or withdrawal. This may cause delays in the release of cargo if data was not reported correctly.
