Tariff suspension
Also called: autonomous tariff suspension · duty suspension
A full or partial waiver of normal duty for specific goods, usually raw materials, parts or components not available in sufficient quantity inside the customs territory. In the EU suspensions are adopted by Council regulation and reviewed regularly, and the UK and US have comparable schemes.
In practice
Manufacturers can apply for suspensions on inputs they cannot source locally, and a granted suspension benefits every importer of that product.
EU
UK
USARelated 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…
- End-use relief
- A special procedure allowing goods to be released for free circulation at reduced or zero duty because of their specific use, for example parts for…
- Ex code
- A code preceded by ex means that only part of the goods covered by that code are concerned, for example a measure that applies to only some products…
- TARIC
- The integrated tariff database of the European Union, managed by the Commission's DG TAXUD. It extends the CN code to ten digits and attaches all EU…