Applied Tariff
Applied Tariff
The tariff an exporter or importer owes on a particular transaction. This differs from the bound rate, which is the tariff writ large, or the tariff rates negotiated for all transactions between two countries.
References in periodicals archive
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'After careful review of the court's decision, the Group holds to its original position that the imported cement product, has been wrongfully classified and therefore, the applied tariff is incorrect.'
Data showed that MFN applied tariff for agriculture and nonagriculture products averaged 9.9 percent and 5.7 percent in the Philippines, respectively.
The bill also enables the President to increase the applied tariff to more than 100 percent (but not to exceed the specified bound rate) if warranted,' according to Pernia.
Moreover, the average applied tariff is 10.1% and as per the World Trading Organisation (WTO), till the end of June 2018, Pakistan had sixty-six non-tariff measures in force.
He further told that average applied tariff rate is 11.3 percent while the foreign as well as domestic investors are treated equally in general.
"The average applied tariff rate in Vietnam is 3.1% and non-tariff barriers are next to nil.
Bilateral safeguard measures linked to a free trade agreement (FTA) between two countries allow for the temporary suspension of tariff preferences or imposing most-favored nation (MFN) applied tariff lines when an increase in imports of any product causes damage to domestic industries.
The continental average of each country's weighted average applied tariff rate is 8.7 per cent, with Djibouti having a 17.6 per cent weighted average applied tariff rate.
ITC's Market Access Map database is one of the main sources of the applied tariff data in the report.
We define these products as those where the tariff fitted value obtained is larger than actual applied tariff. These are over-protected products.
Tariff slabs have been reduced from 7 to 5 and the applied tariff is effectively at 25 percent which will be brought down further.
Applied tariff rate for US imports, calculated as duties paid divided by customs value was 1.3 percent.
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