This Tariff Concession Order (TCO 0701480) declares that specific valves used in blast-furnace material charging (dust discharge, bleeder and seal valves) classified under tariff heading 8481.80.90 are goods to which item 50 in Part III of Schedule 4 to the Customs Tariff Act 1995 applies, effective 24 January 2007. The legal effect is to alter the tariff treatment for those exact imported goods until the order is revoked under the Act.
The primary parties affected are importers of these narrowly defined valves and the customs administration; the instrument changes who pays and how much in customs duty by making these goods eligible for the Schedule 4 item named in the Order.