If you are an importer, you could be benefiting from Australia’s tariff concession system!
The tariff concession system is designed to help certain industries become more competitive in the international marketplace.
A tariff concession order or TCO serves to reduce the cost of goods by allowing for duty-free status on items that are not produced locally in Australia.
Duty-free status means local consumers save money!
While importers enjoy more business and more profit since they can charge duty-free prices!
TCOs may be applicable for most items with a few exceptions, like some foods clothes and automobiles.
A tariff concession order is granted for an imported good if there’s no substitutable item produced in Australia. But you need to apply!
The TCO can be a great advantage for importers! and at saving point, we’ll walk you through the application process!
