This order cancels a special tax break that let certain steel bars into Australia without paying full import duty.
What it does:
- Revokes (cancels) a previous Tariff Concession Order (number 0835477) from January 2009
- Removes the reduced-duty status for specific cold-drawn steel bars that meet the American Iron and Steel Institute Standard C 12L14
- These bars are classified under customs code 7215.10.90
Who it affects:
- Importers of these specific steel bars
- From 18 August 2010, these imports must pay standard customs duties instead of receiving the concession
Why it matters:
This makes importing these specific steel bars more expensive. The government likely revoked the concession because Australian manufacturers can now produce these bars locally, or to protect existing local industry from overseas competition.