# Council Decision of 7 June 1988 accepting, on behalf of the Community, Annex B.2 to the International Convention on the Simplification and Harmonization of Customs Procedures (88/355/EEC), Division 8: Standard 21


‘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.)

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Source: https://www.legislation.gov.uk/eudn/1988/355/attachment/1/division/8. (the official version)
Page: https://openlegislation.uk/eu-decision-1988-355/attachment-1/division-8.
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.