Leonie Ferretter and Melissa McCosker explain the changes to tariff rules that will commence in 2017.
On 23 November 2016, the Customs Tariff Amendment (2017 Harmonized System Changes) Bill 2016 and Customs Amendment (2017 Harmonized System Changes) Bill 2016 received Royal Assent, and on 24 November 2016, the Customs Tariff Amendment (Expanded Information Technology Agreement Implementation and Other Measures) Bill 2016 passed the Senate.
The collective impact of these Bills is to:
Most importers outsource their customs duty compliance obligations to third parties and may not have considered the impact of these changes on their business.
Tariff advice rulings should be examined to determine whether they require updating to new tariff classifications.
If you have any questions about the changes please contact us.