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Currency Exchange Rate

Packaging Products
From France
To Indonesia
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Samuel J.
Not rated
Feb 08, 2021

What foreign currency exchange rate is used to calculate the Duty/GST (Goods and Services Tax)?

1 answer

Feb 08, 2021

If your goods have been paid for and the payment remittance (evidence of payment) is provided then the exchange rate used to purchase the goods will be used to calculate any duty or GST.

Otherwise, when goods are being imported from overseas and have not yet been paid for then we use the customs exchange rate, which is the average of the four major banks on the date the goods were exported.

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