When Most Favoured Nation (MFN) tariff rates are revised by Member Countries during the course of the year, when will exporters/ importers be eligible to enjoy the changes in concessions?
When tariff reduction schedules or MFN tariff rates are changed, the
eligibility of concessions accorded under the CEPT will be affected.
Importers/exporters can claim concessions as and when the new tariff
rates are effected as long as the products fulfills the conditions for
the enjoyment of concessions (see Q12). There is a need for updating of
the CEPT Concessions Exchange Manual (CCEM) to reflect these latest
changes. The CCEM of each country depicts the CEPT rate for each product
and the ASEAN Member Countries eligible for that rate (i.e.
concessions). If such revisions in the reduction schedules or MFN tariff
rates are effected during the course of the year, modifications in the
eligibility of concessions can only be reflected in the CCEM when they
prepared at the end of each calendar year.