CUSTOMS REVISED IMPORT PROCESSING CHARGE (IPC)

As part of the 2015-16 Commonwealth Budget the Government has restructured the import processing charges (IPCs).

The IPCs are cost recovery based and are aimed at improving the integrity of the border while removing cross-subsidisation and delivering efficiencies to industry.

There are two changes being employed to the current IPC arrangement:

• Removal of the current price differential between air/post and sea cargo pathways.

• Introduction of a consistent price differential between electronically and manually lodged declarations to encourage electronic lodgment.

The revised IPCs will come into effect on 1 January 2016, The restructured IPCs as advised by the Australian Border Force can be found at:

Should you have any further questions in relation to the revised IPCs and the impact these may have on you and your business, please contact us on +61 2 8544 1998 at any time.