Tradex Scheme provides exporters with an up-front exemption from Customs duty and GST for goods imported into Australia and then exported within one year.
The Tradex Scheme provides an up-front exemption from customs duty and GST for eligible imported goods that are to be subsequently exported. The kinds of imported goods covered by Tradex include those that are:
- exported without mixing with other goods (e.g. exported in the same condition as imported, or exported having undergone processing or treatment that does not involve any mixing with other goods)
- mixed with other goods and subjected to a process or treatment, after importation, and then exported
- incorporated in other goods after importation and then exported, or
- otherwise mixed with other goods (e.g. simple assembly with other components or the incorporation of other goods in the imported goods) and then exported.
Export may be carried out by the importer or a third party, but must occur within 12 months of the time of import (taken from the time of entry for home consumption – i.e. after the goods are released from the Department of Home Affairs control, unless an extension of time has been granted.
An individual, an incorporated company, a partnership, an incorporated association or other kind of body corporate may apply for a Tradex order. Unincorporated entities are not eligible to apply.
When you apply for your Tradex order you must meet the following eligibility criteria:
- You intend to import nominated goods that are to be subsequently exported
- The requirements of the Tradex Regulations are met in relation to the nominated goods
- The nominated goods will be exported within one year after entry into home consumption, unless an extension of time is approved
- You have adequate record-keeping and accounting systems in place in respect of the nominated goods to track them until they are exported (these records must be retained in accordance with the Act).
Nominated goods are the imported goods that you specify in your application for a Tradex order and can be any goods, with the following exceptions:
- Goods intended for sale in an establishment that offers goods for sale free of duties of Customs and other taxes
- Goods which, if they were produced in Australia, would be subject to duties of excise or to another tax that is declared by the regulations to be a tax to which the legislation applies.
There is no limit to the number of nominated goods listed in your Tradex order.
Applications open on an ongoing basis.