What this does:
This order grants a customs duty concession (effectively a tax break) for importing specific industrial equipment. It declares that conveyors designed for asphalt plants (machinery used in manufacturing road surfacing materials) are eligible for special tariff treatment.
Who it affects:
Companies importing conveyor systems for asphalt manufacturing facilities. Instead of paying standard import duties, these goods enter Australia under Item 50 of Schedule 4 to the Customs Tariff Act 1995, which typically means duty-free entry.
Key details:
- Goods covered: Conveyors for asphalt plants falling under tariff classification 8428.33.00
- Legal effect: Goods are classified as "concession goods" under the Customs Act 1901
- Duration: Took effect on 5 September 2008 and continues until revoked
Why it matters:
This reduces import costs for construction and infrastructure businesses buying asphalt manufacturing equipment, lowering expenses for road-building projects.