Variable Levy

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Variable Levy

A tariff that changes in such a way that the domestic price of an imported good always remains the same (or almost the same). A variable levy increases when the raw price of the import drops and decreases when the raw price rises.
References in periodicals archive ?
A mix of standard and variable levies will remove the requirement for councils to prepare costly and complex development contribution plans, Mr Guy said.
The ITC finds that "tariff barriers, in the form of high tariffs, variable levies, and tariff-rate quotas, can reduce the competitiveness of U.
Under the 1994 Agreement on Agriculture concluded under the Uruguay Round of multilateral trade negotiations, the EU has undertaken to apply a system of charging for the variable levies and replace them by customs duties from July 1, 1995 onwards.
Although a central plank of GATT is that variable levies on dairy products, beef, pigmeat poultrymeat and other major foods are to be eliminated from 1995 and replaced with fixed and diminishing tariffs, these have to be adjusted for currency fluctuations and significant changes in the world price.
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