Adjusted Cif Price

Summary of Adjusted Cif Price

A factor in determining the variable import levy imposed by the European Economic Community on grain imports. The adjusted C.I.F. (cost, insurance, and freight) price is derived by assigning a quality factor to grain imported from non-EEC countries so as to put the import on a quality basis comparable with EEC- produced grain. Depending upon its quality relative to EEC grain, the imported grain may be advanced or discounted in value for the application of C.I.F. ad valorem duties. Common Agricultrural Policy is considered here.

(Main Author: William J. Miller)