1st January 2018
The Department of Business, Enterprise and Innovation has today (1 January 2018) 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.
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, welcomed the new call, saying: “I am acutely aware that Irish manufacturers identify production costs as a key concern of operating in the global marketplace. The tariff suspension and quota schemes represent a great opportunity for businesses to gain a competitive edge by keeping down 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, 26 January 2018. Applications should be sent by e-mail to tariffschemes@dbei.gov.ie 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 on the Tariff Suspension or Quota Scheme may be found here: EU Tariff Suspension and Quota Scheme
ENDS
For more information contact Press Office, D/Business, Enterprise and Innovation ph. 6312200 or press.office@dbei.gov.ie
Applications can be sent to:
Finbarr Kiely, D/Business, Enterprise and Innovation, Ph 6312472 or e-mail: tariffschemes@dbei.gov.ie
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