A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A binding is considered as a "ceiling" binding if the MFN applied duty is lower than the MFN bound duty. The following example illustrates the difference between "ceiling" bindings and bindings at the "prevailing" level.
|
Tariff line number |
Type of duty |
Rate |
Type of binding |
|
0101.11.10 |
MFN bound duty |
50% |
Bound at ceiling rate of 50% |
|
|
MFN applied duty |
10% |
|
|
010.11.90 |
MFN bound duty |
50% |
Bound at prevailing rate of 50% |
|
|
MFN applied duty |
50% |
|