What this does:
This order gives importers a tax break (tariff concession) on specific industrial equipment.
Who it affects:
Businesses importing laminators and moulded rubber seals classified under tariff code 8479.89.90.
How it works:
Under Australia's customs laws, most goods attract import duty. This order declares that these specific items qualify for Item 50 of Schedule 4 to the Customs Tariff Act 1995, allowing them to be imported either duty-free or at a reduced tax rate.
Key details:
- Effective from: 11 January 2006
- Legal basis: Section 269P of the Customs Act 1901
- Duration: Continues until revoked or cancelled under sections 269SC or 269SD of the Act