Private ruling: GST and importation of precious metals
Date of advice: 2 July 2021
Published: September 2021
Ruling period: Period ended XX Month 20XX | The scheme commences on : | XX Month 20XX

Ruling: Q1: 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)? | A1: No.

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.