Tariff Anomaly

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Tariff Anomaly

A situation in which the tariff on raw material imports is higher than the tariff on finished products made from those raw materials. Tariff anomalies are unusual and may encourage import of finished products, which may hurt manufacturing in the importing country.
References in periodicals archive ?
Secretary Commerce highlighted the tariff anomalies and steps required to regulate Afghan Transit Trade.
The commerce secretary highlighted the tariff anomalies and steps required to regulate Afghan Transit trade.
It is therefore, suggested that such type of tariff anomalies be rectified by creating local customs headings of these products or by imposition of regulatory duty.
'National Tariff Policy is going to fix tariff anomalies besides protecting local industry' he added.
The NTC officials said in a presentation that functions of National Tariff Commission under NTC Act, 2015 are to advise the government on tariff and other trade measures, to provide assistance to the domestic industry, improve the competitiveness of the domestic industry, rationalization of tariff and proposals for tariff reforms, removal of tariff anomalies, to administer the trade remedy laws, advise the Pakistani exporters/producers facing trade remedy investigation abroad and assist the government at the World Trade Organization Dispute Settlement Body in respect of matters pertaining to the trade remedy laws.
Government must tackle some of the impediments to growth and investments and remove the tariff anomalies in the upcoming budget so that no sector can get unfair advantage.
The representative of country's automobile industry Pakistan Automotive Manufacturers Association (PAMA) has sent comprehensive budget proposal to the Ministry of Finance highlighting some of the impediments to growth and further investments, with a request to remove the tariff anomalies in the upcoming budget.
Separately, as a step to address the tariff anomalies vis-a-vis Non Major Ports, the ministry has circulated 'Revised Guidelines for Tariff Determination for Major Ports, 2014' draft.
* Tariff anomalies on import of certain goods are being removed.
President KATI Zahid Saeed spoke of the issues relating to customs valuation, tariff anomalies, no duty drawback to pharmaceutical products (medicines) on exports.
KARACHI -- Chairman, All Pakistan Paper Merchants Association (APPMA) Muhammad Saleem Memon urged the Chairman Federal Board of Revenue (FBR) to rectify the tariff anomalies and save an industry, which can earn substantial foreign exchange for Pakistan while decreasing the import bill of Pakistan.
In the light of recommendations of the Tariff Anomalies Committee, the ECC approved imposing 5% regulatory duty on the import of pigment thickener (PCT 3906.9030) and acrylic thickener (PCT 3906.9040).