The Trade Preference Scheme (Developing Countries Trading Scheme) Regulations 2023

Import duty rules – EP

14.—(1) The DCTS rate in respect of EP goods is that set out in, or determined in accordance with, the rules in paragraph (2).

(2) The rules are that where—

(a) “EP1” is specified in column 5 of the DCTS Specified Goods Table, the DCTS rate—

(i) is a nil rate, in a case where the standard rate of import duty is represented only by a by-value duty expression;

(ii) is a nil rate, in a case where the standard rate of import duty is represented only by a specific duty expression;

(iii) is a rate determined by adjusting the standard rate of import duty so that—

(aa) the specific duty expression applies, and

(bb) the by-value duty expression is reduced to a nil rate,

in a case where the standard rate of import duty is represented by a compound duty expression;

(iv) is not to exceed the maximum import duty specified in the Tariff Table;

(v) is not subject to the minimum import duty specified in the Tariff Table.

(b) “EP2” is specified in column 5 of the DCTS Specified Goods Table, the DCTS rate is determined by adjusting the standard rate of import duty as follows—

(i) for the by-value duty expression in the Tariff Table, in the case of EP goods under commodity codes 0306 16 or 0306 17, except for EP goods having commodity code 0306 17 94, substitute a by-value duty expression of 3.6%;

(ii) for the by-value duty expression in the Tariff Table, in the case of EP goods having commodity code 0306 17 94, substitute a by-value duty expression of 2.4%.