What this does:
This order cancels a previous tax break on importing industrial dryers used to make cornices (decorative mouldings for ceilings and walls).
The details:
- What: Industrial dryers specifically designed for cornice manufacturing plants (classified under customs code 8419.39.90)
- Previous rule: Since 13 February 2008, these machines could enter Australia duty-free or at reduced rates under Tariff Concession Order 0802532
- New rule: As of 27 July 2011, that concession is revoked. Importers must now pay standard customs duties on these dryers.
Who it affects:
- Manufacturers importing drying equipment for plaster or decorative cornice production
- Customs brokers handling industrial machinery imports
- Anyone relying on the 2008 duty exemption for this specific equipment
Why it matters:
Removing the concession means these dryers will now attract import duties, increasing the cost of bringing this machinery into Australia.