This Tariff Concession Order (TCO) grants customs duty relief for specific industrial equipment used in steel manufacturing.
What it covers:
- Goods: Tanks (metal containers) used as parts in continuous steel strip paint lines — equipment that applies protective paint coatings to steel sheets during manufacturing
- Classification: Customs tariff code 7309.00.00
- Benefit: These goods can enter Australia under Item 50 of Schedule 4 to the Customs Tariff Act 1995, meaning they attract no customs duty (or significantly reduced duty)
Who it affects:
Importers and manufacturers who bring in specialised tanks for continuous steel strip paint lines. This typically includes steel processing facilities and heavy manufacturing plants.
Why it matters:
Without this order, companies would pay standard import duties on these tanks. The concession reduces costs for Australian manufacturers that rely on this specific overseas equipment to produce painted steel products.