This regulation addresses the specific legal adjustments required for drawback procedures within the European Free Trade Association framework as of 1970. The document is authored by the British government to formalize administrative changes to existing trade statutes. It provides the necessary legislative text to align domestic customs practices with international treaty obligations concerning the refund of import duties on re-exported goods.

Legal professionals and historians utilize this text as a primary source for understanding the technical evolution of British trade law during the 1970s. It is considered a specialized document intended for regulatory reference rather than general reading.