Tariff Anomaly

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 ?
Therefore Gov must remove this tariff anomaly by reducing components duty to 5% and sub-assemblies duty to15% to 10% - which will reduce cost of locally produced parts and will enable part makers to produce parts for new entrants as well.
Therefore Gov must remove this tariff anomaly by reducing components duty to 5% and sub-assemblies duty to 15% to 10%: which will reduce cost of locally produced parts and will enable part makers to produce parts for new entrants as well.
Whereas, the finished product under PCI heading No 4901.9100 to 4903.0000 (printed publications) is being imported at ZERO rated customs duty, sales tax and withholding tax, which creates a chaotic tariff anomaly to extreme detriment of the printing industry.
The textile industry confronted with what it called as a serious tariff anomaly of zero percent duty on import of polyester staple fiber (PSF) blended yarn while duty on the import of PSF as raw material is subjected to a punitive regime of 4.5% import duty.
There is currently a serious tariff anomaly whereby PSF blended yarn has zero percent import duty, but the import of PSF as raw material is subjected to a punitive regime of 4.5 percent import duty.
He further said that there is currently serious tariff anomaly whereby PSF blended yarn has 0% import duty but the import of PSF as raw material is subjected to a punitive regime of 4.5% import duty.
To resolve these difficulties a high powered Tariff Anomaly Committee was set up by the government.
Therefore Gov must remove this tariff anomaly by reducing components duty to 5% and sub-assemblies duty to15% to 10%: which will reduce cost of locally produced parts and will enable part makers to produce parts for new entrants as well.