This order gives a tariff concession (reduced or zero import duty) for specific heavy vehicle parts.
What it covers:
- Shock absorbers for truck suspension systems
- Only for trucks with a gross weight greater than 3.5 tonnes
- Classified under customs tariff code 8708.80.99
What this means:
Businesses importing these specific truck parts can bring them into Australia under Item 50 of Schedule 4 to the Customs Tariff Act 1995, which means they pay less customs duty (or none at all) compared to the standard rate. This reduces costs for importing components for heavy commercial vehicles.
When it applies:
The concession took effect on 3 August 2005 and continues indefinitely until it is formally revoked or replaced.