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Division 8 Standard 21

Original text. Later amendments are not shown.

‘The exemption from value-added tax (1) applies to presents of a unit value of not more than 200 ECU.

Member States may, however, grant exemption for more than 200 ECU, provided that the value of each exempt present does not exceed 1 000 ECU. The relief from import duties applies to presents when the value of each present does not exceed 1 000 ECU’

(See also reservation to Recommended practice 23.)