Entry price system
Also called: EPS
An EU arrangement for certain fresh fruit and vegetables in which the duty depends on the declared entry price of each consignment compared with trigger prices. If the price falls below the threshold, a specific duty is added on top of the ad valorem duty.
In practice
Fresh produce importers may face extra duty after clearance if the declared price is not later confirmed by sales, so price documentation must be kept.
Applies to: 
EU
Related terms
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- A duty combining an ad valorem and a specific element, for example a percentage plus an amount per 100 kg, sometimes with a minimum or maximum. EU…
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