Customs duty or tariff is an impost on goods crossing a frontier, its purpose being either to raise revenue or to protect home industries. |
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Customs duty on specified machinery for silk industry has been reduced from 10 per cent to five per cent and these items will be subjected to countervailing duty. |
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Customs duty is calculated on the determination of the assessable value in case of those items for which the duty is levied ad valorem. |
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A Customs duty equivalent to the excise duty will be paid at the time of importation, unless the packaged alcohol is immediately entered into a licensed excise warehouse. |
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Customs duty to destination and limitations of importation: The possible customs duties to discharge with destination are the responsibility of the recipient of your sending. |
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Because you seem to have imported the car into Bulgaria, you have to pay customs duty when you return to Turkey. |
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And, I might add, the ignominy of being caught evading customs duty on several lakhs worth of luxury goods. |
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To make power affordable, we were expecting elimination of customs duty on import of fuels for power generation and other sops. |
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Each party is free, however, to determine unilaterally the level of customs duty on imports coming from outside the area. |
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Imports of nitrogen fertilisers are currently charged a 25 per cent customs duty. |
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He also recalled that recently the Government imposed protective customs duty on imported vegetables and fruit. |
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Woolworths has appealed to the Government to reduce customs duty because it is pushing prices of imported goods to very high levels. |
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On alloy steel, copper, zinc and lead the customs duty has been reduced from 20 per cent to 15 per cent. |
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I propose that rough coloured precious gemstones should be exempt from customs duty just as rough semiprecious stones are. |
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Vassilev said that the purpose is to equalise customs duty rates rather than protect domestic producers. |
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In 1275 a customs duty on wool exports, at the rate of 6s. 8d. per sack, was introduced. |
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Parts imported for the manufacture of textile machinery will also attract five per cent customs duty subject to end-use condition. |
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The importation of arts and crafts from Brazil will normally give rise to customs duty. |
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The value added tax and customs duty are too high and this is what forces us to push prices up so that we can survive. |
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What was a luxury turned out to be a necessity at one stage, thanks to the slash in sales tax, customs duty and tariff. |
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This credit amount can be used to offset customs duty due on fixture imports of any product. |
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The peak rate of customs duty has been left untouched at 20 per cent. |
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Of course, there is no real comparison between a government choosing to waive customs duty on its own accord and a person actually being involved in a case of tax fraud. |
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The customs duty on imports was at first designed only to raise revenue. |
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The internal market and customs duty mechanism could, in exceptional circumstances, prove inadequate. |
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These written or telephone bids are maximum bides, not including the surcharge, VAT or customs duty. |
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Any amounts of the security referred to in the first indent that are not released shall be forfeited and kept as customs duty. |
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When a percentage rate of customs duty applies, customs duty is obtained by multiplying the value for duty by the rate of customs duty. |
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If there is no customs duty payable, leave blank or show any combination of zeros. |
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In a similar vein, a trader can evade customs duty by understatement of quantity or volume of the product of trade. |
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In drawing up the national tariff, the revenue departments often specifies the rate of customs duty with reference to the HS code of the product. |
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Thus, only the exemption from basic customs duty, special additional customs duty and the sales tax reimbursement constitute subsidies in the meaning of Article 2 of the basic Regulation. |
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This Order remits customs duty payable equivalent to excise duty on spirits, wine, or flavouring materials having a spirit content, imported into Canada for the purpose of being blended in a distillery with spirits in bond. |
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For the purpose of assessment of customs duty, products are given an identification code that has come to be known as the Harmonized System code. |
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Every night contraband tobacco is taken by 50 or 70 speedboats from Montenegro to Italy from where it is distributed to EU markets free of customs duty or tax. |
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They must be reimbursable, with the customs duty paid by the exporter becoming a 'tax credit' deductible from purchases from the importer's economy. |
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The revenues from the customs duty were handled by the Riccardi, a group of bankers from Lucca in Italy. |
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A customs duty or due is the indirect tax levied on the import or export of goods in international trade. |
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The evasion of customs duty may take place with or without the collaboration of customs officials. |
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In other words, the customs duty would give the exporter a drawing right on the importer's economy, which is a win-win situation for international trade. |
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Evasion of customs duty does not necessarily constitute smuggling. |
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However, for certain items like petroleum and alcohol, customs duty is realized at a specific rate applied to the volume of the import or export consignments. |
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