I am planning to bring a small quantity of handmade silver rings (925 sterling silver) from Korea to Australia for potential small-scale sales such as local markets or pop-up events.
Could you please provide clarification on the following points:
- What is the customs duty rate and GST (10%) policy applied to silver jewelry (925 silver) when importing to Australia?
- Is there a value threshold under which imported goods are exempt from customs duties or GST?
- If the total declared value is below that threshold, would the shipment still require a formal import declaration?
I would appreciate any guidance or references to the relevant regulations or documentation.
Thank you for your time and assistance.