Importing Watches into Australia
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  1. #1
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    Looking to import a Grand Seiko from Japan and was wondering if any Australian members here would be able to shed some light on the cost of duties charged at customs

    On the website: Importing Goods by Post FAQ it suggests that on a $1274 item, the total duty and tax charged was $278.85 which is over 20%!

    At that rate I'm better off flying to Japan to pick up the watch myself

    ***mod edit***
    Last edited by novedl; January 8th, 2013 at 01:23.

  2. #2
    Member dacattoo's Avatar
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    Re: Importing Watches into Australia

    Committing fraud (lying about "gift" or "second hand") can be very expensive in the US. I presume it is the same down under. Jail and stiff fines are alot to pay for a watch.

  3. #3
    Member novedl's Avatar
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    Pay the legally incurred duties; it will allow you to sleep better.
    Enjoying a life far better than I deserve...

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  5. #4
    Moderator Public Forum GlennO's Avatar
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    Re: Importing Watches into Australia

    You will notice that the value of that US$1274 item was actually AU$1600 with currency conversion and postage. Our $ is stronger now and the result would be different. As said, marking as gift etc is dishonest...but also it would not achieve anything. Duty and GST kicks in over $1000 regardless of whether the item is a gift or used etc.

  6. #5
    Member complicated_'s Avatar
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    Re: Importing Watches into Australia

    PM sent.

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  7. #6
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    Re: Importing Watches into Australia

    Duty? You mean GST. It's 10% on top of purchase price. Your courier may charge an admin fee to collect the GST.

    Only applies if a good costs over $1k.
    Last edited by Brendan12; January 8th, 2013 at 05:44.

  8. #7
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    Re: Importing Watches into Australia

    Customs Duty - 5% of Customs Value (Cval), Cval typically purchase price or declared value converted to AU$
    GST - 10% of Value of Taxable Importation (VoTI)
    VoTI = Cval + Customs Duty + Postage/transport/insurance
    GST is a Goods & Services tax, hence it is charged based on the value of the imported product as well as the transport/insurance service as well as the Customs Duty Service
    Total payable = Customs Duty + GST

  9. #8
    WnS
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    Re: Importing Watches into Australia

    Quote Originally Posted by hotmustardsauce View Post
    Looking to import a Grand Seiko from Japan and was wondering if any Australian members here would be able to shed some light on the cost of duties charged at customs

    On the website: Importing Goods by Post FAQ it suggests that on a $1274 item, the total duty and tax charged was $278.85 which is over 20%!

    At that rate I'm better off flying to Japan to pick up the watch myself

    ***mod edit***
    For Australia, it's 10% GST on the total amount of imported parcel if valued at $AU1000 or over (including the cost of shipping). On top of that, they add an admin fee.
    I'm content with my watch collection

  10. #9
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    Re: Importing Watches into Australia

    Quote Originally Posted by hotmustardsauce View Post

    At that rate I'm better off flying to Japan to pick up the watch myself

    ***mod edit***
    Any items over AU$1,000 purchased overseas must be declared to Customs on arrival to Australia.
    So that option would not work either.

  11. #10
    Moderator Public Forum GlennO's Avatar
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    Re: Importing Watches into Australia

    Quote Originally Posted by wessa View Post
    Any items over AU$1,000 purchased overseas must be declared to Customs on arrival to Australia.
    So that option would not work either.
    True. On this issue, the government (i.e. Customs) has got us by the proverbials.

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