This order gives a tariff concession (reduced or zero import duty) for specific electrical equipment used in trains.
What it covers:
- Traction inverters for locomotives (electrical devices that convert power for train engines)
- Classified under customs tariff code 8504.40.90
What it means:
If you import these specific inverters into Australia, you can apply for Item 50 concessions under Schedule 4 of the Customs Tariff. This means you pay less (or no) customs duty on these goods compared to the standard rate.
Who it affects:
Companies importing traction inverters for locomotives.
When it applies:
From 13 May 2008 until revoked or replaced.