This order gives a tariff concession (duty exemption or reduction) for a specific imported product. It allows water-absorbent phenolic foam (classified under customs code 3921.11.00) to enter Australia under concessional terms.
Key points:
- Who benefits: Importers bringing in this specific type of industrial foam
- What it does: Applies Item 50 from Schedule 4 of the Customs Tariff Act 1995 to these goods, meaning they can be imported without paying standard customs duty (or at a reduced rate)
- When it applies: From 24 August 2007 onwards, until the order is officially revoked
- Legal basis: Made under Section 269P of the Customs Act 1901 by an authorised delegate of the Australian Border Force
Tariff Concession Orders are administrative instruments that help Australian businesses access imported materials or equipment more cheaply when there is no local manufacturer producing substitutable goods.