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Exchange rates duty

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Exchange rates for customs duty...
Exchange rates for customs duty
Submitted: 2 years ago.Category: Tax
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Answered in 11 hours by:
2/28/2016
Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 18,411
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello

The Exchange Rate is determined by the Comptroller-General of Customs. Foreign currency must be converted into Australian currency at the rate of exchange prevailing on the day of export of the goods (for example, not on the day the goods arrive in Australia).

They are published in the Gazette weekly

https://www.border.gov.au/Dutyratesandtaxes/Documents/exchange-rates-23022016.pdf

The above is the link for Feb 23, 2016

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