On or about 3 Jan 2022, the amendment orders that update the list of goods granted relief from import GST have been released.
Subject to conditions, the following imports are granted relief from the payment of GST:
- from 16 December 2021, the import of a “Class 2 CTGT product” as defined by reg 2(1) of the Health Products (Cell, Tissue and Gene Therapy Products) Regulations 2021
- from 1 January 2022, the import of goods by post or by air the supply of which is chargeable to tax under s 8(1A) of the Goods and Services Tax Act (the Act)
- from 1 January 2022, the import of goods which are treated as distantly taxable goods under para 4C of the Seventh Schedule to the Act and the supply of which is chargeable to tax under s 8(1A) of the Act
- from 3 January 2022, the temporary import of a motor vehicle for the purpose of undergoing an inspection in accordance with r 4(1) of the Road Traffic (Motor Vehicles, Registration and Licensing) Rules.
Section 24 of the Goods and Services Tax Act empowers the Minister to make provisions for granting relief from GST on certain imports. Pursuant to s 24, the Goods and Services Tax (Imports Relief) Order provides many types of reliefs for groups of people and goods specified in the Schedule to the Order. The conditions for enjoying the import relief and types of documents required for each relief are listed in the Order.
Imports that qualify for import relief include:
- personal imports and souvenirs (items 1, 2, 3, 4, 6, 7, 8, 9;)
- incoming vehicles, trains, ships and aircraft (items 11, 12, 13, 14;)
- temporary exports (items 16, 17, 18, 19, 20, 31;)
- temporary imports (items 15, 21, 22, 23, 24, 25, 25A, 26, 27, 28, 29, 30, 35, 37, 39A, 43;)
- postal and air imports (item 32;)
- trade samples, test specimens and gifts (item 33;)
- shipping, airline and other documents (item 33;)
- human remains and transplant organs (item 33;)
- approved wine exhibitions and conference events (item 38;)
- clinical trial materials (items 40, 41, 42;).