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Emotiva RMC-1 has a web page

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Having imported three Emotiva prepros direct from Emotiva, - all of which were buggy on a good day then died on a bad one  (necessitating customer repairs of delicate electronics (twice) or shipping back to Emotiva for about what the unit cost) - I would be very very wary.

 

That their spiel on the website is bollocks is besides the point.

 

Even if it weren't they have a history of not delivering.

 

 

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The Import Declaration is lodged here in Australia by the Broker after the goods have been shipped, it can be before they arrive or after so, 

 

The FOB price is the free on board price at the place of export, this is the price paid to get the goods on a plane or ship excluding any freight or insurance costs,  at the port of export,

 

Customs Duty at what ever rate, although now the general rate is 5%, unless they are free in their own right, come in under a Tariff Concession or under a FTA then duty will be NIL, is levied on the FOB price of the goods, 

 

Calculating duty and GST is as follows,

 

So for example let’s say FOB price is AUD1000.00, rate is 5%

Freight is AUD100.00 and insurance is AUD5.00

 

Customs Duty is at 5% on the FOB price of AUD1000.00 = AUD50.00

 

GST is calculated on VOTI, that is value of taxable import

FOB price plus duty plus freight plus insurance = GST payable

AUD1000 plus duty AUD50 plus freight AUD100 plus insurance AUD5 = VOTI total is AUD1155.00 at 10% = AUD115.50 GST payable, 

 

Trust this helps, 

Cheers Andrew 

 

 

 

 

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28 minutes ago, Andy0217 said:

The Import Declaration is lodged here in Australia by the Broker after the goods have been shipped, it can be before they arrive or after so, 

 

The FOB price is the free on board price at the place of export, this is the price paid to get the goods on a plane or ship excluding any freight or insurance costs,  at the port of export,

 

Customs Duty at what ever rate, although now the general rate is 5%, unless they are free in their own right, come in under a Tariff Concession or under a FTA then duty will be NIL, is levied on the FOB price of the goods, 

 

Calculating duty and GST is as follows,

 

So for example let’s say FOB price is AUD1000.00, rate is 5%

Freight is AUD100.00 and insurance is AUD5.00

 

Customs Duty is at 5% on the FOB price of AUD1000.00 = AUD50.00

 

GST is calculated on VOTI, that is value of taxable import

FOB price plus duty plus freight plus insurance = GST payable

AUD1000 plus duty AUD50 plus freight AUD100 plus insurance AUD5 = VOTI total is AUD1155.00 at 10% = AUD115.50 GST payable, 

 

Trust this helps, 

Cheers Andrew 

 

 

 

 

Thank you so much Andrew, that is a great explanation

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The Import Declaration is lodged here in Australia by the Broker after the goods have been shipped, it can be before they arrive or after so, 

 

The FOB price is the free on board price at the place of export, this is the price paid to get the goods on a plane or ship excluding any freight or insurance costs,  at the port of export,

 

Customs Duty at what ever rate, although now the general rate is 5%, unless they are free in their own right, come in under a Tariff Concession or under a FTA then duty will be NIL, is levied on the FOB price of the goods, 

 

Calculating duty and GST is as follows,

 

So for example let’s say FOB price is AUD1000.00, rate is 5%

Freight is AUD100.00 and insurance is AUD5.00

 

Customs Duty is at 5% on the FOB price of AUD1000.00 = AUD50.00

 

GST is calculated on VOTI, that is value of taxable import

FOB price plus duty plus freight plus insurance = GST payable

AUD1000 plus duty AUD50 plus freight AUD100 plus insurance AUD5 = VOTI total is AUD1155.00 at 10% = AUD115.50 GST payable, 

 

Trust this helps, 

Cheers Andrew 

 

 

 

 

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