What is the facilitation for the temporary removal of goods from approved warehouses?
During the Budget Speech on 22 January 2009, the Minister for Finance announced that with effect from 1 April 2009, GST and/or duty would be suspended on qualifying goods that are permitted to be temporarily removed from a Zero-GST or Licensed Warehouse (also known as "approved warehouse") for qualifying events.
The GST and/or duty on the sales of the goods at the events would be further suspended when the goods are returned to any approved warehouse after the events.
Related questions
Are there any Customs schemes where the GST on imported goods meant for re-export is suspended?
Can locally-acquired goods be stored in a Zero-GST area to enjoy GST suspension?
What is the strategic intent of the temporary removal of duty-suspended goods in licensed warehouse?
Who is responsible for goods that are temporarily removed?
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