What this does: This order gives importers a discount on customs duties (import taxes) for specific chemical handling equipment brought into Australia.
What goods are covered: The concession applies to "chemical handlers and/or storers" — equipment sets that must include all of the following components:
- Tanks
- Pumps
- Pipes
- Loading arms
These goods fall under tariff classification 8428.90.00 and qualify for concession Item 50 in Schedule 4 of the Customs Tariff.
Who benefits: Businesses importing industrial chemical storage and handling systems.
When it applies: The concession took effect on 15 November 2005 and continues until revoked or cancelled under the Customs Act.