What this does: This order gives importers a customs duty break (tariff concession) on specific vehicle parts used in heavy machinery.
Who it affects: Businesses importing drive axles for use in load haul dumpers and/or trailers (heavy mining and construction haulage vehicles).
The details:
- The goods are classified under customs code 8708.50.49 (vehicle parts)
- They qualify for concession Item 50 in Part III of Schedule 4 to the Customs Tariff Act 1995
- This means these specific parts can be imported without paying standard customs duty (or at a reduced rate)
- The concession took effect on 28 March 2007 and remains in force until officially revoked
Why it matters: This reduces import costs for mining and construction companies purchasing replacement or new drive axles for their heavy vehicle fleets.