Customs

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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.
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References in periodicals archive ?
The decree also stipulates that feldspar export duties should be kept at EGP 400 per tonne.
Export duties on nickel and copper were zeroed by the Russian government during the times of recession in order to support producers.
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.
Export duties for some nonferrous metals including molybdenum, tungsten and indium will be halved to 5%, the statement said.
However, resource nationalism has become a strong trend in Kazakhstan, with taxes and export duties being raised and E&P terms being toughened steadily.
"The combination of export duties or tariffs on exports amounts to trade distorting practices," says Thomas Danjczek, president of the SMA, which represents North American mini-mills that produce steel mostly from scrap.
Finance Minister Alexei Kudrin on March 22 said Moscow will raise export duties for Russian oil companies and clamp down on tax avoidance schemes that cost the country billions of dollars in unpaid taxes.
Recognizing the industry's strategic importance for the overall economy, President Jorge Batlle drew up a number of incentives to attract investment, including income tax exemptions and the removal of 23% export duties. Also lifted were payroll taxes and social security contributions for foreign workers, which allow local engineers to benefit from the know how of professionals around the globe.
In a published report, NYU professor Thomas Bender stated that the area represented the "heart of a worldwide trading empire where it is fair to say that New York's economy was born." He added that the New York ports were "supplying 70 percent of the national income through import and export duties by the time of the Civil War."
Gagnon expects export duties stemming from the Canada-U.S.
Minister of Trade and Industry Tarek Kabil issued a decision to continue imposing the current export duties on haberdashery, the raw materials of some minerals under Decree No.

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