Imposts


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Related to Imposts: Duty of Tonnage

Imposts

Taxes or duties; taxes levied by the government on imported goods.

Although impost is a generic term, which can be used in reference to all taxes, it is most frequently used interchangeably with Customs Duties.

IMPOSTS. This word is sometimes used to signify taxes, or duties, or impositions; and, sometimes, in the more restrained sense of a duty on imported goods and merchandise. The Federalist, No. 30; 3 Elliott's Debates, 289; Story, Const. Sec. 949.
     2. The Constitution of the United States, art. 1, s. 8, n. 1, gives power to congress "to lay and collect taxes, duties, imposts and excises." And art. 1, s. 10, n. 2, directs that "no state shall, without the consent of congress, lay any imposts, or duties on imports or exports, except what may be absolutely necessary for executing its inspection laws." See Bac. Ab. Smuggling, B; 2 Inst. 62; Dy. 165 n.; Sir John Davis on Imposition.

References in periodicals archive ?
Similar imposts exist for all consumers, irrespective of which utility company they use.
Next, in accordance with the Constitution, Congress passed laws giving the national government the power to collect revenue through imposts and duties on imported goods.
As per Woodside chief executive Peter Coleman his firm had some certainty around gas export volumes for Leviathan, but uncertainty remained about tax imposts, moreover he also stated that the value of the investment required to be obligating for Woodside to commit to the project.
The absence of India from the 2014 calendar and Ecclestone's comment that the reasons were "political" had sparked speculation that teams were no longer willing to visit a venue that places high duty imposts on the importation of the vast amounts of F1 equipment.
See An Act for Giving and Granting to the United States in Congress Assembled, Certain Imposts and Duties on Foreign Goods Imported into this State, for the Special Purpose of Paying the Principal and Interest of the Debt Contracted in the Prosecution of the Late War with Great Britain (May 4, 1786), reprinted in 2 LAWS OF THE STATE OF NEW YORK 320-22 (Albany, Weed, Parsons & Co.
This rise in costs has been driven by higher labor charges, increased capital expenditure to build mines further away from ports and increased regulatory imposts caused by environmental impact studies, higher state government royalties and the federal government's carbon tax.
Note: Article I, Section 8, clause 1 reads, "The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States.
Impose no other charges, surcharges, customs duties, imposts or taxes other than a transit fee, which shall be 0.
First on the list of Congress's enumerated economic powers in Article I, Section 8 were the powers "To lay and collect Taxes, Duties, Imposts and Excises" and to "pay the Debts and provide for the common Defence and general Welfare of the United States.
The absence of global coordination in this area means that banks face a wide range of disparate imposts that will create competitive distortions and arbitrage.
The first paragraph of Article I Section 8 says: "The Congress shall have Power to Lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; .
Opportunistic initiatives, such as the subsidisation of private health insurance, cost-shifting between governments, arbitrary imposts on users, and protection of vested provider interests are putting our health care arrangements under stress.