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Custom Valuation
Thanks guys. I understand there is a 5% duty and 10% gst to be levied on the Custom Valuation of the car, which is based on a X% of the OZ street value of the car.
Two questions come to mind...
1. How is the street value of the car determined? e.g is it using the redbook value?
2. How do i know what the X% is going to be? The example of the Audi TT shows 65%, but i have read it could be as low as 50%.
Many thanks.
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