Ad Valorem or Specific Tax/Duty Rates
Where the goods are dutiable, ad valorem or specific duty rates may be applied. An ad valorem rate is a percentage of the Customs value of the imported goods such as 20% ad valorem. A specific rate is a specified amount per unit of weight or other quantity such as $352.00 per kg.
GST is applied on an ad valorem basis on all dutiable and non-dutiable goods. The GST taxable is calculated based on the CIF (Costs, Insurance and Freight) value plus all duties and other chargeable costs, whether or not shown on the invoice.
Duties and GST may be suspended up to the point of consumption if they are imported or manufactured under the various Customs schemes.