Search results for: “tariff rate”
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Corporate Tax
Other Popular Tax Definitions in the World Legal Encyclopedia Adjusted Gross Income (sometimes, including Corporate Tax) <a href="http://lawin.org/Ad-valorem-tax/" target="_blank&quo…
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Temporary Tariff Surcharge
An increased rate of duty on imports temporarily applied, usually to aid in correcting a balance of payments deficit….
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Tariff (Customs)
A document issued by a nation's customs authority principally for the purpose of specifying rates of duty to be applied on various imported products. A tariff customarily also includes quantitative restrictions (quotas) upon certain imports, preferential duties on products imported from specifie…
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Tariff (Freight)
A document issued, usually in booklet form, by a Common Carrier (read this and related legal terms for further details) listing its charges for transportation services. Commonly, the rate, or cost of transportation, vari…
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Tariff Act Of 1930
Also known as the Smoot- Hawley Act, this established the highest rates of duty ever imposed by the United States. Its passage was essentially a response to domestic unemployment during the Depression and protectionist forces in the agricultural and certain manufacturing sectors. Other nations accom…
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Tariff (Freight)
A document issued, usually in booklet form, by a Common Carrier (read this and related legal terms for further details) listing its charges for transportation services. Commonly, the rate, or cost of transportation, vari…
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Statutory Rate Of Duty
The rate of duty on the given product specified by the Smoot- Hawley Act (read this and related legal terms for further details) of 1930. The rates established by this act are applied to Column 2 countries, i.e., those t…
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Sliding Scale Tariff
A customs tariff in which rates of DUTY (read this and related legal terms for further details) vary according to the price of a given import. Usually, as the price of the item declines, the duty is reduced. Duties may b…
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Sliding Scale Tariff
A customs tariff in which rates of DUTY (read this and related legal terms for further details) vary according to the price of a given import. Usually, as the price of the item declines, the duty is reduced. Duties may b…
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Released Valuation Rate
A lower tariff rate provided by a common carrier to a shipper in return for a reduced claim liability on the part of the carrier. For example, a carrier may offer a reduced rate if the shipper agrees to release the value of the product at fifty cents per pound. The Interstate Commerce Commission mus…
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Paper Rate
A rate in a tariff under which no cargo moves….
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Nontariff Barrier
An economic, political, legal, or administrative impediment to trade, other than the specific exclusions conveyed by quotas or the cost impact of duties. The most common nontariff barriers are found in administrative regulations a country imposes on the manufacture, sale, or use of a specific produc…
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Memorandum Tariff
An abstract of a freight tariff. This document, usually published by carriers in a given trade, contains selected rates and other information extracted from the official tariff. The purpose of a memorandum tariff is to highlight information of wide interest….
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Highest Original Statutory Rate
A provision contained in General Headnote 10(d) of the Tariff Schedules that stipulates that in any case where two or more tariff classifications could be applied equally to an imported product, the classification having the highest original statutory rate (Column 2) shall be imposed, even though a …
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Flexible Tariff
Special Drawing Ria customs tariff in which rates of duty can be raised or lowered by administrative action. In the United States the Reciprocal Trade Agreements Act of 1934 and other legislation have authorized the President to adjust duty rates downward in response to concessions from other nation…