What is an absolute quota?
- A quota that allows entry at a reduced duty rate
- A quota that permits a limited number of units to be entered or withdrawn for consumption during a specified period
- A quota that applies only to textiles
- A voluntary limit set by the exporting country
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B. A quota that permits a limited number of units to be entered or withdrawn for consumption during a specified period
Absolute quotas permit a limited number of units of specified merchandise to be entered or withdrawn for consumption during specified periods. Once the quantity is filled, no further entries or withdrawals for consumption are permitted.
Source: 19 CFR 132.1(a)
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