This Order declares that ferrules for wire rope (tariff classification 7326.90.90) are subject to item 50 in Part III of Schedule 4 to the Customs Tariff Act 1995, effective 16 December 2005 and continuing until revoked. The declaration is made under section 269P of the Customs Act 1901 by Michael Perry, a delegate of the Chief Executive Officer.
Practically, importers will rely on Schedule 4 item 50 when lodging customs entries for these goods; the delegate’s determination sets the tariff treatment and revocation may occur under sections 269SC or 269SD. Compliance requires correct classification and claiming the concession at import.