What this does: This order gives businesses a tax break at the border (customs duty exemption) when importing specific lithium-ion battery packs designed for camcorders.
Who it affects: Importers of camcorder battery packs that come with a carry bag (classified under customs code 8507.80.00).
How it works: Normally, imported goods attract customs duties. This order declares that these specific battery packs qualify for Item 50 of Schedule 4 to the Customs Tariff Act 1995. This is a special concession list, meaning these goods can enter Australia duty-free instead of paying standard import taxes.
Key details:
- Goods covered: Lithium-ion battery packs for camcorders, including the carry bag
- Effective from: 28 October 2010
- Legal basis: Made under section 269P of the Customs Act 1901
- Duration: Stays in force until it is formally revoked or a specific expiry date is added