Search results for: “ordinary course of trade”

  • Ordinary Course Of Trade

    A concept routinely applied in customs valuation that holds that the dutiable value of goods is the price at which they would normally sell if customary channels of distribution were observed. For example, where it was industry practice for a product to be sold directly by a manufacturer to an end u…

  • Trade Policy

    Diplomacy and International Trade (London, 1994) "Today, the generally accepted view (at least on the part of most states) is that trade, and particularly free trade, is good, notwithstanding the conflicts (and bouts of protectionism) that arise between individual states and between […]

  • Terms of Trade

    Summary of Terms of Trade An export-import price ratio derived by dividing indices of export prices by indices of import prices. For example, when export indices are 105 percent of a base period, and import indices are 98 percent of the same base period, then the terms of trade […]

  • Stock in Trade

    Stock In Trade What is “stock-in-trade”? Stock in trade is the inventory of goods, and merchandise, held by a business entity for the purpose of using them for sales and other processing, making salable goods or for selling to the customers with an intention [in the case of a for profit business] to make profit…

  • Trade Agreements Act Of 1979

    An act of Congress implementing certain agreements negotiated under the Tokyo Round (read this and related legal terms for further details). The act replaced the Countervailing Duty Law and Antidumping Act of 1921 and ab…

  • Trade Agreements Act Of 1979

    An act of Congress implementing certain agreements negotiated under the Tokyo Round (read this and related legal terms for further details). The act replaced the Countervailing Duty Law and Antidumping Act of 1921 and ab…

  • General Agreement on Tariffs and Trade 13

    General Agreement on Tariffs and Trade   Article VII Valuation for Customs Purposes 1. The contracting parties recognize the validity of the general principles of valuation set forth in the following paragraphs of this Article, and they undertake to give effect to such principles, in respect of all products subject to duties or other charges…

  • General Agreement on Tariffs and Trade 12

    General Agreement on Tariffs and Trade   Article V Freedom of Transit 1. Goods (including baggage), and also vessels and other means of transport, shall be deemed to be in transit across the territory of a contracting party when the passage across such territory, with or without trans-shipment, warehousing, breaking bulk, or change in the…

  • Jurisdiction Over Foreign Entities

    Jurisdiction Over Foreign Entities in us Courts in 2011 United States views on international law (based on the document "Digest of U.S. Practice in International Law"): As discussed in in this legal Encyclopedia, the U.S. Supreme Court heard two cases in tandem in 2010 concerning […]

  • Jurisdiction Over Foreign Entities

    Jurisdiction Over Foreign Entities in us Courts in 2011 United States views on international law (based on the document "Digest of U.S. Practice in International Law"): As discussed in in this legal Encyclopedia, the U.S. Supreme Court heard two cases in tandem in 2010 concerning […]

  • Rule of Law

    Rule of law Definition Rule of law means that any act of the government must be done through laws, that no one is above the law. However this principle has many controversial aspects, the core of it requires that fair laws should apply to all persons in a given jurisdiction. It also means […]

  • Rule of Law

    Rule of law Definition Rule of law means that any act of the government must be done through laws, that no one is above the law. However this principle has many controversial aspects, the core of it requires that fair laws should apply to all persons in a given jurisdiction. It also means […]

  • Common Law

    Introduction to Common Law "Common Law, term used to refer to the main body of English unwritten law that evolved from the 12th century onward. The name comes from the idea that English medieval law, as administered by the courts of the realm, reflected the "common"customs of […]

  • Common Law

    Introduction to Common Law "Common Law, term used to refer to the main body of English unwritten law that evolved from the 12th century onward. The name comes from the idea that English medieval law, as administered by the courts of the realm, reflected the "common"customs of […]

  • Penal Code

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