This order removes a reduced import tax rate for truck brake parts.
This legislation cancels a previous tariff concession (a special lower import tax rate) that applied to certain brake pads for commercial vehicles and trucks.
What it does:
- Revokes Tariff Concession Order 0614516
- Removes the concessional rate for goods classified under tariff code 8708.30.19 (brake parts, specifically mounted pads)
- From 27 April 2011, these goods must be imported under standard customs duty rates
Who it affects:
Businesses that import brake components for trucks and commercial vehicles. These importers will face higher import costs for these specific parts, as they can no longer access the discounted duty rate.