My customer in Australia has a requirement to implement Tariff Concession Orders for certain imported products. Has anyone implemented this in Australia?
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.
- Customer applies for TCO for a product.
- Date of the application is the date of effectivity.
- If approved, the Australian customs authority assigns a tariff concession code.
- The tariff concession code applies a special duty rate to the product and has a validity date.