Import Export Specialist Question:
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What is reduced rate of duty?

Import Export Specialist Interview Question
Import Export Specialist Interview Question

Answer:

Reduced rate of duty is some goods can be imported at a nil or reduced rate of customs duty because they originated in a preference country or are from a non-EU country and qualify for a temporary suspension of customs duty.

Get more information on which countries get preference and temporary suspension of customs duty on the Customs and Excise website. (See also Tariff quotas.)

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