Increase in the minimum amount of Duty and GST payable to NZ Customs
From 1st October 2010, the amount under Customs’ revenue waiver provision for imported goods will increase from $ 50 to $ 60 (commonly referred to as the ‘de minimis’). The increase has been made to offset the increase in GST to 15% from the same date.
Customs will have the discretion to not collect import duty and GST where the total revenue payable on any one shipment is less than $60. This means the revenue waiver provision will continue to generally apply to a shipment valued at $399 or less.
The revenue waiver provision does not apply to alcohol or tobacco products.