PART 2Goods subject to a quota
CHAPTER 2First Come, First Served quotas: Parts A and B of the Quota Table
Calculating the quota duty rate10
The “quota duty rate”, in relation to quota goods, is—
a
where the rate of duty set out in column 4 of Part A or column 4 of Part B of the Quota Table is expressed only as a percentage, that percentage of the customs value of those goods; or
b
where the quota duty rate is dependent on applying a formula set out in column 4 of that Table against the commodity code in the corresponding row of that Table, the result of applying that formula.