Export Levy

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Export Levy

A tax that a country imposes on its exports, which makes them more expensive. Export levies may encourage domestic consumption of domestically produced goods. They are less rare than import tariffs. See also: Import substitution industrialization.
References in periodicals archive ?
Russia is considering various export duty levels for oil products in 2011 and may make a decision by mid-December, deputy finance minister Sergey Shatalov said, shrugging off reports the numbers had been finalised.
It is reported that the three Egyptian private sector cement producers are the ones with high exportation levels, even after the government has set an export duty of LE85 per exported ton of cement.
In April 2009, Kudrin backed proposals to eliminate the export duty on East Siberian crude oil which had been demanded repeatedly by Rosneft and other producers in that region, including TNK-BP and SurgutNefteGaz (SNG).
Hit by high cotton prices and scarcity in the domestic market, textile industry groups have asked the Centre to curb the cotton export by imposing an export duty and to withdraw the incentive given on exports of raw cotton.
THE INTRODUCTION of 10% fixed export duty on nickel and copper in Russia from November 2010 should not negatively affect profits of Norilsk Nickel, world's largest producer of nickel and palladium, thanks to high profitability of the company.
The government had hoped impose a new export duty regime in August.
In place of the existing uniform export duty regime, Parrikar proposed differential export duties for iron ore, that is, higher rates for higher grades of ore and lower rates for corresponding grades, considering that the latter was not of significant use to domestic industry.
The Appellate Body upheld the Panel's recommendation that China bring its export duty and export quota measures into conformity with its WTO obligations,'' the report said.
They believe they would be more competitive if they were allowed to pay customs duties on goods for export at more border crossings, if they can import intermediate goods used for production of products intended solely for export duty free and if conditions are created for offsetting the VAT when importing intermediate goods used for production of finished products for export.
The primary motive for this is to harmonize Russian export duty with that existing in other Eurasian Economic Union countries, particularly Kazakhstan and Belarus, in preparation for the development of a common energy market between 2018 and 2025.
Kazakhstan will reduce the export duty on oil from $80 to $60 per ton, Minister of National Economy Erbolat Dossayev told an enlarged meeting of the government on Wednesday.
Fyodorov also said his ministry did not plan to change its wheat export duty and that it expected 2015 grain exports at up to 25 million tonnes.
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