This order removes a customs duty exemption (tax break) for importing coal handling equipment into Australia.
Previously, businesses could import specific coal handling and preparation plant machinery without paying customs duties under an earlier concession from 2006. This equipment includes screens, centrifuges, pumps, conveyors, crushers, cyclones, and other components used in coal processing facilities.
What this means:
- The concession is revoked (cancelled) for goods falling under tariff code 8474.10.00
- Importers must now pay standard customs duties on this equipment
- The revocation took effect on 27 July 2011
Who is affected:
Mining companies and engineering firms importing coal processing plant equipment. This change increases the cost of bringing this specific machinery into Australia, as it no longer qualifies for duty-free entry.