A New Tax System (Goods and Services Tax) Act 1999
Chapter 4
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The special rules
Part 4-3
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Special rules mainly about importations
If:
(a) a circumstance relating to goods is an importation of the goods into the indirect tax zone because of an item of the table in section 114-5 ; and
(b) security has been given under the Customs Act 1901 for payment of * customs duty in respect of the goods; and
(c) the security is forfeited;
(2)
This section has effect despite section 33-15 (which is about payments of amounts of assessed GST on importations).
Note:
The special rules in this Part mainly modify the operation of Part 2-3 , but they may affect other Parts of Chapter 2 in minor ways.
Division 114 - Importations without entry for home consumption 114-15 Payments of amounts of assessed GST where security for payment of customs duty is forfeited (1)If:
(a) a circumstance relating to goods is an importation of the goods into the indirect tax zone because of an item of the table in section 114-5 ; and
(b) security has been given under the Customs Act 1901 for payment of * customs duty in respect of the goods; and
(c) the security is forfeited;
any * assessed GST payable on the importation is to be paid when the security is forfeited.
View history note
Hide history note(2)
This section has effect despite section 33-15 (which is about payments of amounts of assessed GST on importations).
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