In the United States, duty rates are established by Congress. The rates for imports are listed in the Harmonized Tariff Schedule (HTS) which is published by the International Trade Commission (ITC). Different rates are applied depending on the countries' trade relations status with the United States. The general rate is for countries that have normal trade relations status with the United States. The special rate is for countries that are not developed and/or are eligible for an international trade program.
Investment dictionary. Academic. 2012.
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import duty — import ,duty noun count or uncount a tax that you pay on goods that come from another country … Usage of the words and phrases in modern English
import duty — Taxes HM Customs and Excise charge on goods imported into the European Union. These include Customs Duty, Common Agricultural Policy ( CAP) Charges, and Anti Dumping Duty ( ADD). HM Customs & Revenue Glossary * * * import duty import duty ➔ duty… … Financial and business terms
import duty — noun a duty imposed on imports • Hypernyms: ↑duty, ↑tariff * * * import duty noun A tax levied on goods which enter one country from another • • • Main Entry: ↑import … Useful english dictionary
import duty — A tax or tariff on import goods. Import duties can either be a fixed amount or a percentage of the value of the goods. They have been a major type of barrier used to protect domestic production against foreign competition and they have also been… … Big dictionary of business and management
import duty — tax levied on products brought in from foreign countries … English contemporary dictionary
import duty — noun (C, U) a tax on goods that are brought into one country from another country … Longman dictionary of contemporary English
import duty — / ɪmpɔ:t ˌdju:ti/ noun a tax on goods imported into a country … Marketing dictionary in english
import duty — / ɪmpɔ:t ˌdju:ti/ noun a tax on goods imported into a country … Dictionary of banking and finance
import duty — Fin a tax on goods imported into a country. Although it may simply be a measure for raising revenue, it can also be used to protect domestic manufacturers from overseas competition … The ultimate business dictionary
import levy — ➔ levy2 * * * import levy UK US noun [C] TAX, COMMERCE ► IMPORT DUTY(Cf. ↑import duty) … Financial and business terms