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LATEST NEWS

EU Adjusts Tariff On Flat Panel Displays


10/09/2013

More types of flat panel displays will receive duty free treatment from the European Union (EU), a move Brussels argues will promote both internal and external trade.

The tariff liberalization comes a result of changes made to the European Council's Regulation on the Tariff and Statistical Nomenclature and on the Common Customs Tariff. The aim is to simplify legal procedures in favor of European consumers and businesses.

At present, a duty rate is applied on imports of flat panel displays not used exclusively for automatic data-processing (ADP). The reform will mean that displays using signals from ADP machines will be able to receive duty free treatment on an autonomous basis.

This adjustment will eliminate a classification process the EU claims is no longer relevant. Ensuring uniform classification has become "technically impossible," the EU says.

www.taxnews.com

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