Deferral of Duty, GST and Import Processing Charges
Stockwell International has received notice from Freight & Trade Alliance has engaged with the Australian Border Force providing feedback that many importers are experiencing poor cash flow as a result of the current economic environment.
Now that import container volumes are starting to increase, it is likely that we will see significant congestion on our wharves and depots as cargo cannot be released without upfront payment of taxes.
To ensure that goods can keep moving across the border and support an Australian economic recovery, FTA has formally requested that importers be provided relief in the form of deferred Duty, GST and Import Processing Charges.
This would also alleviate concerns being raised by members on the potential of high storage and container detention costs as a result of delays in release from customs control.
Please feel free to discuss any of your concerns with your Stockwells representative at [email protected] or call on 1300 786 468
