Under the enhanced project by-law scheme (EPBS), duty-free entry applies to eligible goods for major investment projects that provide opportunities for Australian production.

“So far, the EPBS has delivered import duty savings of more than $140 million to over 170 Australian enterprises,” O’Neill said.

She will be a speaker at South-East Asia Australia Offshore Conference (SEAAOC) on May 30-June 1 in Darwin, focusing on the EPBS and other concessions available including tariff concession orders and fuel tax credits.

“The EPBS applies to projects involving the expenditure of more than $10 million on capital goods in the mining, resources processing, food processing and packaging, manufacturing, agricultural, gas supply and the power, and water supply industries,” she says.

“Given that the general rate of customs duty is 5%, the EPBS can result in substantial savings for projects.

“It is vital that applications are lodged before any goods are imported, so the application process should commence around the same time as the procurement process commences.”

For more information, visit www.seaaoc.com