This order gives importers a tariff concession (reduced or zero customs duty) on a specific chemical called monobutyl ethers of ethylene glycol when imported into Australia.
Key details:
- What it covers: Chemicals classified under customs code 2909.43.00 (monobutyl ethers of ethylene glycol)
- Legal effect: Applies Item 50 of Schedule 4 to the Customs Tariff Act 1995, meaning these goods can enter Australia at a concessional rate (usually duty-free) instead of the standard tariff
- Who benefits: Businesses importing this specific chemical for manufacturing or resale
- When it applies: From 2 March 2007 until revoked
Why it matters:
Tariff Concession Orders (TCOs) are granted when Australian industry doesn't produce goods that are "substitutable" (comparable) to the imported product. This allows Australian businesses to access cheaper raw materials, reducing their production costs.