Paragraph 1 I1

In this Schedule—

• “BI imports” means goods that—

  1. (a)

     are imported into the British Islands, and

  2. (b)

     have a standard rate of import duty greater than a nil rate;

• “chapter” means a chapter of the Goods Classification Table;

• “graduation assessment” means an assessment of SP imports carried out by the Secretary of State that—

  1. (a)

     is carried out at any time during the period beginning with 1st January and ending with 29th September in any given year, and

  2. (b)

     assesses the value of SP imports over the import review period ending on the preceding 31st December.

• “SP imports” means SP goods that—

  1. (a)

     are imported into the British Islands, and

  2. (b)

     have a standard rate of import duty greater than a nil rate;

• “SP rate” means the DCTS rate specified for SP goods under regulation 15.