This Tariff Concession Order (TCO) removes or reduces customs duties on a specific imported product. It applies to stainless steel hose clamps (metal clips used to attach hoses to taps or pipes).
What it does:
- Covers: Stainless steel hose clamps classified under tariff code 7326.90.90
- The benefit: These goods are entered under Item 50 of Schedule 4 to the Customs Tariff Act 1995, which typically allows them to be imported duty-free or at a concessionary rate
- Who it helps: Businesses importing these clamps, as it lowers their import costs compared to standard tariff rates
- When it applies: From 14 October 2005 until revoked or replaced
TCOs are administrative instruments made under the Customs Act 1901 (the law governing imports). They allow specific goods to enter Australia at lower duty rates when no local manufacturer objects or meets the relevant criteria.