WHAT IS THE TARIFF CONCESSION?
The Tariff Concession System (TCS) is designed to help industry become more internationally competitive. Tariff Concession Order (TCO) reduces costs to the general community by allowing duty-free entry for certain goods where there is no local industry that produces those goods. Certain classes of goods including foodstuffs, clothing and passenger motor vehicles are ineligible (‘excluded goods’).
HOW THE TARIFF CONCESSION SYSTEM WORKS
A Tariff Concession Order (TCO) will be granted on imported goods if substitutable goods are not produced in Australia.
Substitutable goods are Australian-made goods which have a use corresponding to a use of the imported goods.
It is important to note that, in determining whether substitutable goods are available, the assessment does not consider whether the Australian goods compete with the imported goods in any market.
HOW TO APPLY FOR A TCO
It is important to provide all information and relevant attachments. If you fail to meet all the requirements outlined in the form your application may be delayed or rejected.
We will walk you through the whole Tariff Concession Order application process. We will complete and submit all the required paper work, carry out database searches and communicate with potential local manufacturers on your behalf.
For further information please click here to complete theTariff Concession Order application, contact Saving Point on (03) 9555 3551 or send us an email on info@savingpoint.com.au
CAN A TARIFF CONCESSION ORDER (TCO) BE REVOKED?
The Tariff Concession System allows for a TCO to be revoked under certain conditions.
For example, an application could be lodged for revocation of the Tariff Concession Orders by local industry. The application is based on the local manufacturer’s submission that their goods can be
substituted for imports covered by the TCO.
Some of the recent examples of TCO revocations following an application of local industry include:
TC 9308839
GREENHOUSE, computerised, creating controlled artificial environment for the
growing of plants
Substitutable goods produced in Australia in the ordinary
course of business by Powerplants Australia Pty Ltd, Hallam,
Victoria. In transit provisions apply.
TC 1038858
SETS, DOOR FURNITURE, having ALL of the following:
(a) knob AND/OR lever;
(b) tiebolt OR cylindrical fitting;
(c) latch OR bolt;
(d) snib AND/OR push button AND/OR non-lockable handle AND/OR
passive handle
Substitutable goods produced in Australia in the ordinary
course of business by Gainsborough Hardware Industries Ltd,
Blackburn, Vic. In transit provisions apply.
The Lodgement Request Date is the intended revocation date for the Tariff Concession Order which will take effect should the application for revocation be successful.
In addition, importations not covered by in-transit provisions may be subject to post action as any decision to revoke an order is backdated to the date of request for revocation.
