Commonwealth legislation

Tariff Concession Order 1041726

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

3/10 complexity

Mechanically, this Order declares that specified downhole surface‑actuated flow‑control valves (tariff 8481.80.90) are covered by item 50, Part III, Schedule 4 of the Customs Tariff Act 1995 from 9 Sep 2010 until revoked. It affects importers of those valves by making them eligible for the Schedule 4 concession (reducing or removing duty), shifts tax cost from importers to the Treasury, requires correct tariff classification and records, and creates an incentive to import rather than source domestically.

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Current sections

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Tariff Concession Order 1041726

TARIFF CONCESSION ORDERUnder Section 269P of the Customs Act 1901, I, Wendy Knowles, a delegate of the Chief Executive Officer declare that the goods specified in Column 1 of THE TABLE are goods to which the item in Part III of Schedule 4 to the Customs Tariff Act 1995 specified in Column 2 of THE TABLE applies. This Order shall have effect from 09.09.10 and continue in force until revoked under sections 269SC or 269SD of the Act, or the date, if any, specified in Column 2.

THE TABLE

COLUMN 1Description of Goods including theCustoms Tariff Classification	COLUMN 2Schedule 4 Item NumberLast date of effect

8481.80.90	VALVES, FLOW CONTROL, DOWNHOLE, surface actuated, having amaximum working pressure NOT less than 10 MPaOp. 09.09.10 - TC 1041726	50

This is page 1 of 1 Page of the above Table...................Wendy Knowles .....................Dated 06 December 2010 Delegate of the Chief Executive Officer

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Tariff Concession Order 1041726

THE TABLE

COLUMN 1Description of Goods including theCustoms Tariff Classification	COLUMN 2Schedule 4 Item NumberLast date of effect

8481.80.90	VALVES, FLOW CONTROL, DOWNHOLE, surface actuated, having amaximum working pressure NOT less than 10 MPaOp. 09.09.10 - TC 1041726	50

This is page 1 of 1 Page of the above Table...................Wendy Knowles .....................Dated 06 December 2010 Delegate of the Chief Executive Officer