In Australia, a Tariff Concession Order (TCO) is a handy government-issued document that lets certain goods be imported at a reduced or zero duty rate.
The TCO system is all about helping Aussie industries stay competitive in the global market. By cutting down import costs, businesses can focus on growth without being held back by high tariffs. Right now, there are about 15,000 TCOs in place, covering everything from machinery to specialised materials. However, not all items, such as foodstuffs, clothing, and passenger vehicles qualify under this scheme.
For industries relying on hard-to-source imports, TCOs make a real difference, keeping costs down and operations running smoothly in Australia.
How Do You Get a Tariff Concession Order (TCO)?
To apply for a Tariff Concession Order (TCO), you’ll need to follow the required steps and provide accurate information.
What You Need to Apply
The first step is completing the approved form B443, which requires you to input:
- Service type (e.g., freight, customs duty)
- Your details: full name, email, phone number, and company name
- Description of goods: provide a clear and precise description
Key Requirements for TCO Approval
For your goods to qualify for a TCO, they must meet these conditions:
- Match the tariff classification linked to the TCO.
- Precisely fit the description provided in the TCO.
If your goods don’t meet these criteria, penalties may apply. To avoid issues, review Home Affairs Notice 2019/21 to understand your obligations before submitting your application.
Where to Submit the Form
Your completed application form B443 must be submitted to the Australian Border Force (ABF). Submissions can be lodged online through the Australian Customs Tariff Concessions System or sent directly to the ABF’s relevant contact point for tariff concessions.
When providing all required information, ensure to describe your goods accurately to avoid delays or denials.
Additional Forms You Might Need
- To object to a TCO being made, use form B444.
- To request the revocation of a TCO, submit form B441.
By staying organised and thorough, the TCO application process can be completed smoothly, helping you benefit from reduced import costs.
Using an Existing TCO
If an applicable TCO already exists, you can claim reduced duty rates. However, all goods must precisely match the TCO description and tariff classification. Misuse can result in penalties.
If you’re unsure, you can seek Tariff Advice from the ABF or our custom brokers for confirmation of eligibility. We can also assist with the application process and provide guidance on any additional forms you may require.
