42‑15 Supplies of low value goods42‑15 Supplies of low value goods

42‑15 Supplies of low value goods

(1) An importation of goods is a non‑taxable importation to the extent that a supply of the goods was a *supplier‑taxed offshore supply of low value goods.

Note 1: Under Subdivision 84‑C, offshore supplies of low value goods may be treated as connected with the indirect tax zone (this is not the case if the supplier reasonably believes there will be a taxable importation: see section 84‑83).

Note 2: There are limits on refunds of excess GST paid as a result of the incorrect treatment of the supply as a taxable supply, if this section has been treated as applying: see section 142‑16.

(2) However, this section does not apply unless the *Comptroller‑General of Customs is notified that the supply was a *taxable supply at or before the time by which the *taxable importation would (apart from this section) have been made. (3) The notice must be given, in the *approved form, by or on behalf of the importer of the goods.

Chapter 4—The special rules