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Exemption
Exemption
An allowance or derogation from the payment of customs duty and tax that are normally to be applied and paid.
An allowance or derogation from the payment of customs duty and tax that are normally to be applied and paid.
Preferential tariff -- A tariff, or rate of tariff, which imposes lower rates of duty on goods imported from a specified country (ies). (A preferrential tariff could be offered under a regional trade agreement such as CEFTA, or a bilateral free trade agreement).
