This order grants a tariff concession (duty-free entry) for specific industrial valves imported into Australia.
What it does: Allows stainless steel knife gate valves (industrial components used to control flow in pipelines) to be imported without paying standard customs duty. These valves are classified under tariff code 8481.80.90 and are covered by Item 50 of Schedule 4 to the Customs Tariff Act 1995.
Who it affects: Importers of stainless steel knife gate valves, typically used in mining, water treatment, or manufacturing sectors.
Why it matters: Without this concession, businesses would pay customs duty on these valves. The order reduces import costs for companies relying on this specific equipment.
Duration: The concession took effect on 30 September 2005 and remains in force until revoked under the Customs Act 1901.