What this does
This order gives importers a reduced customs duty rate (tariff concession) on a specific type of steel bar used in manufacturing.
The goods covered
- Cold-drawn steel bars meeting the American Iron and Steel Institute Standard C 12L14 (AISI C 12L14)
- Tariff classification: 7215.10.90
The concession
Applies item 50 from Part III of Schedule 4 to the Customs Tariff Act 1995 (this typically permits duty-free or reduced-duty importation).
Who it affects
Businesses importing these specific steel bars into Australia.
How long it lasts
Took effect on 15 October 2008 and remains in force until revoked under sections 269SC or 269SD of the Customs Act 1901.