What this does: This order cancels a previous tax break on imported steel tanks used in industrial paint lines.
The details: Under Tariff Concession Order 0618605 (made in February 2007), certain steel tanks classified under tariff code 7309.00.00 could be imported duty-free (or at a reduced rate). This order revokes that concession.
Who is affected: Importers of steel tanks that are parts of continuous steel strip paint lines. From 18 August 2011, these goods must now pay standard customs duty instead of receiving the concession.
Why it matters: This increases the cost of importing these specific industrial components, likely to protect local manufacturers of similar steel tanks or because local production can now meet Australian demand.