Reduction or Elimination of Customs Duties. 1. Except as otherwise provided in this Agreement, each Party shall reduce or eliminate its customs duties on originating goods of other Parties in accordance with its Schedule in Annex I (Schedules of Tariff Commitments).
Reduction or Elimination of Customs Duties. 1. Except as otherwise provided in a Party’s Schedule to this Annex, the following staging categories apply to the reduction or elimination of customs duties by each Party pursuant to Article 2.4.1:
Reduction or Elimination of Customs Duties. 1. Except as otherwise provided in this Agreement, neither Party may increase any existing customs duty, or adopt any new customs duty, on an originating good.
Reduction or Elimination of Customs Duties. 1. Customs duties which are levied at zero percent or nil on the date of signing of this Agreement shall be kept at zero percent or nil by the Parties.
Reduction or Elimination of Customs Duties. Except as otherwise provided in this Agreement, each Party shall reduce or eliminate its customs duties on originating goods of other Parties in accordance with its Schedule in Annex I (Schedules of Tariff Commitments). For greater certainty, in accordance with the WTO Agreement, originating goods of other Parties shall be eligible, at the time of importation, for the most-favoured-nation applied rate of customs duty for those goods in a Party, where that rate is lower than the rate of customs duty provided for in that Party’s Schedule in Annex I (Schedules of Tariff Commitments). Subject to its laws and regulations, each Party shall provide that an importer may apply for a refund of any excess duty paid for a good if the importer did not make a claim for the lower rate at the time of importation. Further to subparagraph 1(b) of Article 4.5 (Transparency), each Party shall make publicly available any amendments to its most-favoured-nation applied rate of customs duty, and the latest customs duty to be applied in accordance with paragraph 1, as soon as practicable but not later than the date of the application.
Reduction or Elimination of Customs Duties. 1 Customs duties for India refer to basic customs duties as specified in the First Schedule to the Customs Xxxxxx Xxx, 0000 of India. This is without prejudice to Korea’s position either on the definition of customs duties or on the consistency of India’s internal tax or charge equivalent to an internal tax with Article 2.3 of this Chapter or Article III of GATT 1994.
Reduction or Elimination of Customs Duties. Except as otherwise provided in this Agreement, each Party shall reduce or eliminate its customs duties on originating goods of the other Party in accordance with its Schedule included in Annex 2. If at any moment a Party reduces its applied most favoured nation (hereinafter referred to as “MFN”) customs duty rate after the entry into force of this Agreement, that duty rate shall apply as regards trade covered by this Agreement if and for as long as it is lower than the customs duty rate calculated in accordance with its Schedule included in Annex 2. On request of either Party, the Parties shall consult each other to consider the possibility of accelerating and broadening the scope of the reduction or elimination of customs duties on imports between them. Following such consultations, a decision by the Joint Committee on the acceleration or broadening of the scope of the reduction or elimination of a customs duty on a good shall supersede any duty rate or staging category determined pursuant to the respective Party’s Schedule included in Annex 2 for that good, subject to the Parties’ respective applicable legal requirements and procedures.
Reduction or Elimination of Customs Duties. 1. The provisions of this Chapter concerning the reduction or elimination of customs duties on imports shall apply to goods originating in the territory of the Parties.
