Duty

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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 ?
And so, if rights and duties are the same reality, it follows that God has rights--the right to have all things ordered towards Him; the civil community as a whole has rights the right to expect a certain level of generosity and loyalty from its citizens; and the family has rights.
Questions were posed that were directed at determining which duties of the principalship were reported as "satisfying" and which duties were reported as "not satisfying".
After review, any dumping duties owed will he collected hy U.
there are no additional implied duties outside the statute's plain language
There is no indication people would buy more in this country, though they may buy in other countries where duties are lower.
Syeda Zahida Bukhari, ASP/Margalla Traffic will be incharge of parking duties.
This follows an expiry review of existing duties, after which the Commission concluded "imports of potassium chloride originating in Belarus and Russia were dumped, and a likelihood of continuation of injury was established" should the duties be repealed.
The bottom line is that corporate director and officer duties should be taken seriously and approached in a business-like manner.
The standard of care stems from California's public policy that marriage is an equal partnership and that spouses owe each other the same highest duties owed by parties to a fiduciary relationship.
commerce department imposed countervailing and anti-dumping duties averaging 27 per cent on Canadian lumber producers, arguing that Canadian lumber is unfairly subsidized.
These directors then have specified duties to conduct the same investigation the chief legal officer would have conducted.