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 ?
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.
ISLAMABAD, October 26, 2011 (Balochistan Times): A public hearing regarding tariff anomalies to Manufacturing Sanitary Fittings is scheduled to be held here on November 17 at 11.
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.
Muneer said that tariff anomalies would hit hard the manufacturing sector and might force even closure of a number of units.
ISLAMABAD, July 12, 2011 (Balochistan Times): The National Tariff Commission (NTC) will hold a public hearing on August 2 here in order to determine the tariff anomalies regarding Falcon Abrasives Private Limited which has approached the Commission for reduction of customs duty and sales tax on import of its raw materials.