Commonwealth legislation

Tariff Concession Order 0704714

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

What this does: This order gives a tax break (tariff concession) to companies importing specific industrial parts used in blast furnaces.

The specific goods: "Cooling water stems" — these are parts of valves used in blast furnaces (the large structures used in steel manufacturing to melt iron ore). They fall under customs classification 8481.90.90.

The benefit: These parts can be imported under Schedule 4, Item 50 of the Customs Tariff, which typically means they enter Australia duty-free or at a reduced customs duty rate compared to the standard tariff.

Who it affects: Importers of blast furnace equipment, particularly companies in the steel manufacturing industry needing replacement valve parts.

Timeline: The concession took effect on 28 March 2007 and remains in force indefinitely until officially cancelled (revoked).

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Current sections

Direct links to the current provisions in Tariff Concession Order 0704714.

Tariff Concession Order 0704714

TARIFF CONCESSION ORDERUnder Section 269P of the Customs Act 1901, I, Diane Morland, a delegate of the Chief Executive Officer declare that the goods specified in Column 1 of THE TABLE are goods to which the item in Part III of Schedule 4 to the Customs Tariff Act 1995 specified in Column 2 of THE TABLE applies. This Order shall have effect from 28.03.07 and continue in force until revoked under sections 269SC or 269SD of the Act, or the date, if any, specified in Column 2.

THE TABLE

COLUMN 1Description of Goods including theCustoms Tariff Classification	COLUMN 2Schedule 4 Item NumberLast date of effect

8481.90.90	PARTS, VALVE, BLAST FURNACE, being cooling water stemsOp. 28.03.07 - TC 0704714	50

This is page 1 of 1 Page of the above Table...Diane Morland........................Dated 15 June 2007 Delegate of the Chief Executive Officer

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Tariff Concession Order 0704714

THE TABLE

COLUMN 1Description of Goods including theCustoms Tariff Classification	COLUMN 2Schedule 4 Item NumberLast date of effect

8481.90.90	PARTS, VALVE, BLAST FURNACE, being cooling water stemsOp. 28.03.07 - TC 0704714	50

This is page 1 of 1 Page of the above Table...Diane Morland........................Dated 15 June 2007 Delegate of the Chief Executive Officer