New round of tariff suspension/quota schemes announced
03 July 2019
Closing date and time for the receipt of the next round of applications is 5.30pm on Friday, July 26, 2019.
The Department of Business, Enterprise and Innovation has announced a new round of the tariff suspension/quota schemes and is calling for applications from manufacturers in the chemicals, microelectronic and related sectors.
The tariff suspension scheme offers the possibility for such companies to import raw materials, components or intermediate products from outside the European Union free from tariff duty, if the item cannot be sourced in the EU.
Shortages in availability of required materials
The tariff quota scheme is designed to address shortages in the availability of required materials within the EU and can be applied for in the same way as suspensions.
Minister for Business, Enterprise and Innovation Heather Humphreys TD said: “The tariff suspension and quota schemes represent a very effective way for Irish manufacturers to gain a competitive edge by reducing the cost of sourcing components that are not available in the EU. I would encourage all Irish manufacturers to avail of these schemes where such a need arises.”
Closing date and time for the receipt of the next round of applications is 5.30pm on Friday, July 26, 2019. Applications should be sent by e-mail to email@example.com and posted to the department at the address below. Please note that late or incomplete applications will not be accepted by the department.
The suspension of duties on these applications, if they are successful, will come into effect 12 months after the application is made.
Further information may be found here.http://www.engineersjournal.ie/2019/07/03/new-round-of-tariff-suspension-quota-schemes-announced/http://www.engineersjournal.ie/wp-content/uploads/2019/07/GettyImages-956344172-1024x648.jpghttp://www.engineersjournal.ie/wp-content/uploads/2019/07/GettyImages-956344172-300x300.jpgNewschemical,electronics,manufacturing