Consolidated TPP Text – Annex 2-D: Tariff Schedule of Peru

General Notes

1. The provisions of this Schedule are generally expressed in terms of the Customs Tariff Schedule of Peru (Arancel de Aduanas de la República del Perú (AAPERU)), and the interpretation of the provisions of this Schedule, including the product coverage of subheadings of this Schedule, shall be governed by the General Notes, Section Notes and Chapter Notes of the AAPERU.  To the extent that provisions of this Schedule are identical to the corresponding provisions of the AAPERU, the provisions of this Schedule shall have the same meaning as the corresponding provisions of the AAPERU.

2. The base rates of duty set out in this Schedule reflect Peru’s Most-Favoured-Nation (MFN) rates of duty in effect on January 1, 2010.

3. In this Schedule, rates of duty expressed in monetary units shall be rounded down to the nearest 0.001 of the official monetary unit of Peru.

4. The following staging categories shall apply to the elimination of customs duties by Peru pursuant to Article 2.4.2 (Elimination of Customs Duties):

5. The annual stages referred to in paragraph 4 for the elimination of customs duties shall be equal, annual stages, except:

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