Regulation 15 Critical quotasI1

United Kingdom

(1)

Where goods are subject to a quota and the quota is designated critical under paragraphs (2) or (3), security for the full amount of duty at the standard rate must, unless otherwise directed by HMRC, be provided to Customs at the time of a request to benefit from the quota.

(2)

Subject to paragraphs (3) and (4), a quota becomes critical when HMRC gives notice that 90 percent of the whole quota volume has been allocated.

(3)

HMRC may publish a notice—

(a)

varying the percentage figure to be applied under paragraph (2) in respect of the goods for the period specified in the notice; or

(b)

providing for other cases where a quota becomes critical in respect of specific goods.

(4)

In a case to which regulation 14 applies, for the purposes of paragraph (2) the “whole quota volume” is the sum of the quota volumes entered in column 5 of the Quota Table for the quota concerned.

Annotations

Commencement

I1: Reg. 15 in force at 31.12.2020 by S.I. 2020/1643, reg. 2, Sch.