Regulation 127 Comparable, identical and similar goodsC1I1

In this Part—

• “comparable goods” means—

  1. (a)

     goods which are identical to the chargeable goods presented to Customs on import; or

  2. (b)

     where there are no such identical goods, similar goods;

• “identical goods” means those goods which are—

  1. (a)

     identical in all relevant characteristics to the chargeable goods presented to Customs on import; and

  2. (b)

     produced in the same territory as those chargeable goods;

• “similar goods” means goods which in comparison with the chargeable goods presented to Customs on import—

  1. (a)

     have similar characteristics and contain similar materials; and

  2. (b)

     perform the same or a similar function and are regarded as commercially interchangeable.

HMRC may publish a notice specifying—