This Tariff Concession Order, made under s.269P of the Customs Act 1901, declares tapered roller bearings (Tariff heading 8482.20.10) to be subject to Part III, Schedule 4, item 50 of the Customs Tariff Act 1995. It takes effect from 15 June 2010 and continues until revoked under ss.269SC/269SD.
Mechanically, it changes customs duty treatment for importers of these bearings, reducing duty revenue for government and imposing a claim-and-verify compliance burden on importers and Customs. The delegate applied the order (David Mulcair).