New Tariff Suspension/ Quota Schemes for chemicals, microelectronic and related sectors
| 02 Jul 2016: posted by the editor - Business, Ireland | |
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Manufacturers in the chemicals, microelectronic and related sectors can now benefit from a new round of the tariff suspension/quota schemes. The tariff suspension scheme offers the possibility for such companies to import raw materials, components or intermediate products from outside the European Union free from tariff duty, if the item cannot be sourced in the EU. The tariff quota scheme is designed to address shortages in the availability of required materials within the EU and can be applied for in the same way as suspensions. Speaking about the tariff scheme Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor T.D said “Keeping production costs down is key to any manufacturer operating in a competitive global market. The tariff suspension and quota schemes are important tools and can provide essential financial assistance to a company that must import components from outside the EU. I would encourage Irish manufacturers to avail of these schemes where possible.” Closing date and time for the receipt of the next round of applications is 5.30p.m. on Friday (29th July 2016). Applications should be sent by e-mail to tariffschemes@djei.ie and posted to the Department at the address below. Please note that late or incomplete applications will not be accepted by the Department. The suspension of duties on these applications, if they are successful, will come into effect 12 months after the application is made. Further information on the Tariff Suspension or Quota Scheme may be found here: https://www.djei.ie/en/What-We-Do/Trade-Investment/EU-Tariff-Suspension-and-Quota-Scheme/ Queries and applications can be sent to: Tags: tariff suspension |
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