What this does: This document cancels a previous tax break (tariff concession) on a specific imported chemical.
Who it affects: Businesses importing BUTYL DIGLYCOL (an industrial solvent used in paints, coatings, and cleaners) classified under customs tariff code 2909.43.00.
The details:
- Revokes: Tariff Concession Order 0508908 (originally granted on 23 September 2005)
- Effective from: 18 December 2006
- Last day of concession: 17 December 2006
Why it matters: From 18 December 2006, importers of this chemical must pay standard customs duties instead of the previous reduced/concessional rate. This increases import costs for manufacturers and suppliers who rely on this substance.