This Tariff Concession Order (TCO 0825351) applies Item 50 of Part III, Schedule 4 to the Customs Tariff Act 1995 to vertical surge tanks for oil and gas well testing (tariff heading 7309.00.00). Made under s.269P of the Customs Act 1901, it took effect 6 Aug 2008 and remains until revoked under ss.269SC–269SD.
Effect: importers of these surge tanks receive the Schedule 4 tariff concession (reducing import duty), shifting cost from importers to foregone tariff revenue; implementation depends on correct classification at 7309.00.00 and administrative revocation powers (delegate Paul Mercer signed 24 Oct 2008).