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Edited version of private advice
Authorisation Number: 1051859676031
Date of advice: 2 July 2021
Ruling
Subject: GST and importation of precious metals
Question
Is your importation of the Silver Coins a non-taxable importation under paragraph 13-10(b) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act)?
Answer
No.
This ruling applies for the following period:
Period ended XX Month 20XX
The scheme commences on:
XX Month 20XX
Relevant facts and circumstances
You have bought some silver coins and are importing these coins into Australia.
The coins you purchased are the Silver Coins.
Relevant legislative provisions
A New Tax System (Goods and Services Tax) Act 1999 subsection 13-10(b);
A New Tax System (Goods and Services Tax) Act 1999 section 38-385;
A New Tax System (Goods and Services Tax) Act 1999 section 40-100;
A New Tax System (Goods and Services Tax) Act 1999 section 195-1.