Advisory & Consulting on All Your Importing & Exporting Needs
We offer advice and trade consulting services on all Customs, Bio-security (Quarantine), shipping, transport and other industry related matters including;
- International Freight Forwarding
- Landside logistics – Transport/Warehousing /Re-distribution
- Marine Insurance
- Customs Clearance for Imports and Exports
- Tariff Concession Orders (TCO) applications
- Tradex and related industry schemes
- Duty drawbacks/refunds
- Free Trade Agreements (FTA)
- Landed costing
- Commerce (Trade Descriptions) Acts and Regulations
- Prohibited Import Acts & Regulations
- Bio-security (Quarantine) procedures, laws and legislation
Tariff concession Orders (TCO) applications
The Australian Border Force manages the Tariff Concession System (TCS) to protect the local industry and reduce costs to importers and the community where possible through duty free concessions. These TCO applications are used to determine the suitability of goods for concessions. Each product would be assessed to determine whether those goods or similar goods have or could have adverse effects to a product already manufactured here in Australia. Applications are lodged with a specific wording to describe the technical aspects of goods and Customs then determine acceptability prior to the application being approved and published in the Tariff Concessions Gazette.
Tradex & related industry schemes
The Tradex Scheme is an upfront exemption from Customs duty and GST for eligible goods imported to Australia that are then exported within one year or other approved period. This provides a cash-flow benefit to the importer.
Duty drawbacks & refunds
A drawback is a process that the Australian Border Force has to assist importers to obtain a refund of import duty paid when the goods are re-exported.
A Refund of import Duty is available on a variety of circumstance for eligible goods.
Commerce (Trade Descriptions) Acts and Regulations
A trade description means any description, statement, indication or suggestion, direct or indirect, as to how or by whom the goods were made, produced, selected, packed or otherwise prepared.
Certain goods must be correctly labelled with a trade description before they can be imported into Australia. Not all imported goods require labelling. Imported goods that require labelling, but do not meet labelling requirements, may be seized.
The Commerce (Trade Descriptions) Act 1905 (the Act) and the Commerce (Trade Descriptions) Regulation 2016 (the Regulation) set out which goods or classes of goods require labelling when being imported into Australia, what label is required and where the label must be applied.
Free Trade Agreements
An FTA is an agreement between countries to minimize trade and investment barriers and facilitate growth in trade and commercial ties.
Some of the benefit of Free Trade are:
- Better Australian access to important markets
- An improved competitive position for Australian exports
- more prospects for increased two-way investment, and
- reduced import costs for Australian businesses and consumers alike.
A factorised calculation of all purchasing, shipping, clearing and handling costs proportional to individual imported units.
Prohibited Import Acts & Regulations
The Australian Government controls the import of certain goods into Australia. The controls include:
- an absolute prohibition referred as prohibited import, where you are not allowed to import the goods, or
- a restriction referred as restricted import, where you need to have written permission to import the goods.
If you import prohibited or restricted goods without the relevant written permission or licence, your goods may be seized and you could face penalties of up to AUD525 000 or 10 years imprisonment, or both.
Bio-security (Quarantine) procedures, laws and legislation
Quarantine or Bio-Security is a system of measures maintained by governmental authorities at ports, frontiers, etc., to prevent the spread of disease and pests.
Tariff Concession Orders (TCO) applications are an extensive process and the success of the application could hinge on ensuring the concession is correctly lodged and submitted, therefore it is highly recommended to consult one of Wallace International’s experienced brokers before commencing any TCO application.
Would You Like a Free Consultation?
We understand the importing and exporting process can be intimidating and confusing. If you require a face-to-face meeting with one of our experts our first consultation is free! One of our experienced staff will meet with you and answer any questions you have. Simply fill out the consultation request form and we'll get back to you as soon as possible.