Duty Minimisation
Loynes specialises in duty minimisation for our customers. We ensure that we are up-to-date with current tariff classifications, tariff concession orders, Free Trade Agreements (FTAs), and duty drawbacks and we investigate and plan for opportunities to minimise duty payable.
Whatever the changes in the tariff landscape our team are constantly monitoring the impact that those changes will have for our clients to ensure that no opportunities to minimise Duty are missed.
There are very complex rules associated with the way goods are shipped and eligibility for tariff reductions under FTAs. Special tariff rates are not automatically applied to imports from FTA partner countries. Strict Rules of Origin apply and accurate product classification is essential. Where required, we provide assistance to our clients and their suppliers to obtain compliant certificates and apply for FTA duty rates.
Duty minimisation services include:-
- Planning for Customs duty and GST liability minimisation
- Tariff Concession Order (TCO) eligibility and applications
- Duty refunds
- Duty drawbacks
- FTA eligibility and Country of Origin (CoO) certification