This Tariff Concession Order applies item 50 of Part III, Schedule 4 of the Customs Tariff Act 1995 to imported goods described as a “rail line and loop” (detailed list of components) classified under tariff heading 8608.00.00, effective 9 December 2005. It operates until revoked under the Customs Act.
The order changes the tariff treatment for importers of those specified rail components (reducing or exempting duty under the listed Schedule 4 item), creates a revenue effect for the Commonwealth, and requires importers to meet the exact product description and tariff classification to qualify.