Tariff Concession Order 0948471 declares that a specific class of pumps (tariff classification 8413.50.90) are goods to which item 50 in Part III of Schedule 4 to the Customs Tariff Act 1995 applies, effective 11 December 2009. That changes the tariff treatment on import and therefore affects the costs faced by importers and downstream pricing.
The decision was made by a CEO delegate under s.269P of the Customs Act 1901 and may be revoked under ss.269SC–269SD; the Order applies an existing Schedule 4 item to the named goods rather than amending the Act itself.