What special safeguard measures are imposed with respect to Special safeguard measures - denominated agricultural products?

09/05/2024 02:36 - 85 Views

- Under the volume test, the special safeguard duty shall be set to a level not exceeding one-third (1/3) of the applicable out-quota customs duty on the agricultural product under consideration.


- On the basis of the price test, the additional duty shall be computed as follows:


i. Zero, if the price difference is, at most, ten percent (10%) of the trigger price; or


ii. Thirty percent (30%) of the amount by which the price difference exceeds ten percent (10%) of the trigger price, if the said difference exceeds ten percent (10%) but is at most forty percent (40%) of the trigger price; or


iii. Fifty percent (50%) of the amount by which the price difference exceeds forty percent (40%) of the trigger price, plus the additional duty imposed under paragraph ii, if the said difference exceeds forty percent (40%) but is, at most, sixty percent (60%) of the trigger price; or


iv. Seventy percent (70%) of the amount by which the price difference exceeds sixty percent (60%) of the trigger price, plus the additional duties imposed under paragraphs ii and iii, if the said difference exceeds sixty percent (60%) and is, at most, seventy-five (75%) of the trigger price; or


v. Ninety percent (90%) of the amount by which the price difference exceeds seventy-five percent (75%) of the trigger price; plus the additional duties imposed under paragraphs ii, iii, and iv, if the said difference exceeds seventy-five percent (75%) of the trigger price.
 

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