Duty

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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 ?
As part of the study, shipments of two nearly identical sets of 90 dutiable packages were sent to the United States from August 4-16, 1999 from ten different countries with the same destination address.
The first issue before the court was whether the general expenses incurred while the vessel was in dry dock lay-up at one facility (where no repair work was actually done) were dutiable as necessary expenses for the repairs that were scheduled and performed at the next facility it was sent to for dry-dock lay-up and repair.
10) The court found that Ford's omissions of assists and notice of the provisional nature of the values "on the entry documents had a material impact on Customs' ability to properly determine the dutiable value of the relevant merchandise," in violation of entry requirements (11) and that Ford's failure to advise Customs "at once" of the assists and lump sum payments violated declaration requirements.
Thus countries must ensure that their rules -- to determine dutiable value for customs purposes, to inspect products to ascertain conformity to mandatory standards, or to issue import licences -- conform to provisions of the relevant Agreements.
Provision is being made for payment of customs duty in foreign exchange on dutiable baggage.
The reduction on dutiable tropical products (the lower part of the table) as a whole is 43%, ranging from a low of 37% for "tropical nuts and fruits" to a high of 52% for "spices, flowers and plants.
This ruling also discusses the characterization of various costs and expenses for income tax and customs purposes, including comments on the declaration of (and the dutiable nature of) "assists," which are an element of dutiable value.
Pitney Bowes' Small Package Mail Service is a new dutiable solution that provides mailers with the option to calculate costs for international shipping during the transaction or bundle them into the total price.
It is the responsibility of travellers to make an accurate and complete declaration of the dutiable and taxable items in their possession.
The Dutiable Commodities (Amendment) Bill 2014 was gazetted today to give effect to the 2014-15 Budget proposal to increase tobacco duty by 11.
Feedback gathered from several involved cargo forwarders under investigation said that their cargos were not released due to some dutiable goods, including motorcycle and car parts sent to Manila which were discovered by the Philippine Customs upon arrival.