Duty

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Related to Tariff Rate: Export Tariffs

Duty

A tax on imports, exports, or consumption goods.

Duty

A tax that a country imposes on its imports and, occasionally, exports. A duty exists to make an import more expensive and to thereby encourage people to buy goods produced in their own country. Proponents of their use argue that duties discourage outsourcing of jobs to other countries and make the country more self-sufficient, but most economists agree that they are economically inefficient and some contend that they may ultimately harm the people they are intended to help. A duty is also called a tariff. See also: WTO, International trade, Globalization.

duty

See tariff.
References in periodicals archive ?
trade restrictiveness index), converts a country's current structure of protection into a uniform tariff rate so that the country's economic well-being is unchanged.
Since the evasion gap in values was far more correlated with tariff rates than the gap in quantities, we concluded that most underinvoicing took place by reporting lower values for shipped goods.
Using the tariff rate on a subset of imported goods to characterize the overall insulation of the U.
That is, there is always a lower tariff rate that will produce the same revenue with less promoting or fostering of the domestic industry.
In the past, Japan's Ministry of Finance mandated tariff rates, which eliminated competition on pricing.
In particular, the United States questions the way the tariff rate is calculated, suspecting it may be inconsistent with WTO rules.
The United States allows 40 million SSE gallons of frozen concentrated orange juice and 4 million gallons SSE orange juice from Mexico to enter the United States annually at half the prevailing most-favored nation tariff rate that existed in 1994.
The tariff rate imposed by country j on the imports of commodity i is represented by [t.
The government now faces having to go back to the drawing board in order to put in place a new consultation process to find a feed-in tariff rate for domestic solar PV schemes more acceptable to the industry.
20, 2011 (CENS) -- The tariff rate committee of the Ministry of Finance (MOF) determined yesterday (Dec.
A Millennium was cited for failing to charge its applicable tariff rate, failing to provide the required consumer information "Your Rights and Responsibilities When You Move" and summary of its dispute settlement program, failing to relinquish possession of shipments upon payment of the original non-binding estimated price plus 10 percent, failing to prepare orders for service, failing to prepare bills of lading in the prescribed form and manner, and operating a charge card plan without a tariff provision.
The proposals call for the EU to move to a tariff-only banana import system by January 1, 2006, after a transition period involving a complex tariff rate quota system;