What this does: This order cancels a previous import duty exemption (called a "tariff concession") for specific industrial parts used in foundation drilling machines.
Key details:
- What's affected: Parts including welding bars, quick change bars, flat teeth, weld-on teeth, round shank cutter bits, mini bit shanks, and round shank bits used in foundation drilling equipment (classified under customs tariff code 8207.13.00).
- What changed: These items previously entered Australia duty-free or at reduced rates under concession order TC 0710022. This exemption is now revoked.
- When: The cancellation takes effect from 12 December 2007 (backdated from the order's creation date in May 2008).
- Why it matters: Importers must now pay standard customs duties on these specific drilling machine parts, increasing the cost of importing this equipment into Australia.