What this does:
This order cancels 17 specific Tariff Concession Orders, which are permissions that allow certain imported goods to enter Australia at reduced customs duty rates (or duty-free).
Who it affects:
Australian businesses that import the specific goods previously covered by the revoked concession orders. These importers will now need to pay standard import tariffs instead of the reduced rates.
The details:
Made by a delegate of the Customs CEO under the Customs Act 1901, this instrument revokes concessions numbered 0504713 through 0802531 (as listed in the table). The cancellations took effect retrospectively from 19 August 2010, even though the order was signed on 23 August 2010.
Why it matters:
When tariff concessions are revoked, imported goods become more expensive for local businesses, which may affect pricing for consumers or supply chain costs for manufacturers who rely on those imports.