Licence-managed quota
Also called: import licence quota · kontenjan belgesi
A tariff quota in which access to the reduced duty is granted through import licences or certificates, allocated to applicants in advance, rather than by order of declaration. It is common for agricultural products and certain sensitive goods.
In practice
Without a quota licence or certificate the full duty is charged even if quota volume remains unused.
EU
TürkiyeRelated terms
- Tariff quota
- A volume of imports that may enter at a reduced or zero duty during a period; imports above the volume pay the normal rate. Quotas may be allocated…
- First come, first served quotas
- A method of managing tariff quotas in which the quota is allocated to declarations in the order of their acceptance, without import licences. In the…
- Import licence
- An authorisation from a government agency required before or at import for specific goods, for reasons such as health, security, quotas or trade…