Duty

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Related to Tariff Rate: Export Tariffs

Duty

A tax on imports, exports, or consumption goods.

Duty

A tax that a country imposes on its imports and, occasionally, exports. A duty exists to make an import more expensive and to thereby encourage people to buy goods produced in their own country. Proponents of their use argue that duties discourage outsourcing of jobs to other countries and make the country more self-sufficient, but most economists agree that they are economically inefficient and some contend that they may ultimately harm the people they are intended to help. A duty is also called a tariff. See also: WTO, International trade, Globalization.

duty

See tariff.
References in periodicals archive ?
At the outset of the game then there is a tariff rate set previously by domestic policymakers who were uninformed of domestic costs.
The tariff rate in country 2 is 10 percent and the tariff rate in country 3 is 2 percent.
Impact of new Feed-in Tariff rates on solar PV, geothermal and biomass markets in France
I call on Congress and the Trump Administration to redouble their efforts to negotiate a bilateral trade agreement with Japan to address the beef tariff rates as well as other agricultural market access issues similar to what would have been covered under the Trans-Pacific Partnership, said Governor Ricketts.
He said there were 16 items on which tariff rate was zero on MFN basis, in other words, they were imported without any import duties.
The amended tariff rates for parking on the side of the street include Dhs 2 for 30 minutes, Dhs 4 for one hour, Dhs 8 for two hours, Dhs 12 for three hours and Dhs 16 for four hours.
If a company deposited less than its new tariff rate on carbons imported during the period of review, it will be required to pay additional duties, while if it deposited more than the new rate it will receive a refund.
Box 2: Comparison of the Policy(3) FIRST YEAR SECOND YEAR ASI DEMANDS 30% in-quota tariff 27% in-quota rate, rate, 50% ex-quota 47% ex-quota rate, tariff rate, the quota the quota of of 18,120 tons 18,120 tons (1995 level) ITC OPTION 1 20% ex-quota tariff 17.
Medina urged the Duterte administration to give priority to the interest and welfare of local traders and the commuting public, before any tariff rate adjustment is even considered.
Besides poor law and order situation, the crucial issue of tariff rate on power generation has so far halted the development of coal-based power plants in Thar coalfield.
The delegation also highlighted that the tube wells were made functional in 2007 while WAPDA was demanding previous years arrears according to new tariff rate Rs.