Customs

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Related to Export duties: Import duties

Customs

A general term for an agency in a country responsible for controlling the flow of goods into the country. Customs agencies attempt to prevent dangerous, hazardous or illegal materials from entering the country, and also collect tariffs and other taxes. They may also enforce import quotas.
References in periodicals archive ?
In a joint briefing with Kudrin, Minister Gref said the increase in oil export duties would be accompanied by a clampdown on illegal or semi-legal tax minimisation schemes, including transfer pricing.
The project proposes to establish the rates of export duties before July 1, 2015 in the amount of 15%, and to increase them gradually to 30% by January 1, 2017.
On July 25, 2014, the Government revised its January 2014 regulations regarding export duties to incorporate reduced rates for copper concentrate exports for companies engaged in smelter development.
The letter recommended export duties that are not subject to adequate discipline by WTO or another body should be a priority of international negotiations.
The state-owned KazMunaiGas Exploration Production (KMG EP), a London-listed unit of the integrated KMG with ambitions to become one of the world's largest producers and exporters of oil and gas, says the financial impact of petroleum export duties will be positive for the state.
Exports have been hit badly since Russia started gradually ratcheting up export duties in 2006.
The ministry had also raised the export duties on rice to 1,000 Egyptian pounds a tonne from 300 pounds in February.
Russian export duties will deprive the Belarus budget of about $1.
To gel, its fiscal house in order, government put export duties of up to 23.
Despite the positive signal of the upcoming natural gas price increases, government pressures continue to be a challenge for the companies operating in the sector, as evidenced by the recent increase in crude oil export duties to 25% from 20% and the introduction of a 20% export duty for natural gas.
The law defines the procedure for application of import and export customs duties, establishment of export duties, peculiarities for application of import duties depending on the country of goods origin and conditions of their admission, as well as features of tariff preferences and tariff quotas.
Under the current system, the reduction in export duties is determined every month by government decree.

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