Tariff rates in New Zealand are relatively low and a significant portion of imported goods are entered duty free. Consequently, the correct classification of goods is important to determine whether imported goods will be subject to duty.
For dutiable goods, various duty savings opportunities may be derived from an in-depth understanding of Customs rules in relation to valuation and origin.
The NZCS commonly audits large projects upon completion to ensure that the correct tariff classifications and valuation have been used. Assessments are issued where there is a shortfall of duty and/or Goods and Services Tax (GST).
The Ministry of Economic Development (MED) has the authority to grant a concession so that goods can be imported duty free where alternative goods are not produced in New Zealand.