Customs

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CUSTOMS. This term is usually applied to those taxes which are payable upon goods and merchandise imported or exported. Story, Const. Sec. 949; Bac. Ab. Smuggling.

References in periodicals archive ?
Minister of Economy Oleg Pankratov said the government had already put forward a bill proposing to introduce the gold ore export duties starting from 5% and ending up 30%.
He pointed out that the exports of talcum powder reached 12,000 tonnes in 2017 compared to between 4,500 and 5,500 tonnes during the period from 2014 to 2016, which necessitated the continued imposition of the same export duties on them.
Under its COW, PT-FI has rights to export copper concentrate without restriction or payment of export duties. If necessary, PT-FI may consider legal action to enforce its contractual rights should it fail to reach a mutually satisfactory agreement with the Indonesian government.
3) To apply the rates of export duties on the goods specified in the bill exported from the customs territory of Kyrgyzstan, regardless of the country of destination;
Russian President Vladimir Putin said Thursday at a Belarus summit bringing together heads of state of former Soviet nations that Moscow was prepared to scrap oil export duties for all members of the Customs Union, despite the loss of revenue this would entail for the country's budget.
"If we can sign it today we will without any hesitation but the point on export duties is complex and needs to be reviewed.
Moreover growth of key financials was mainly due to favorable market conditions (strong oil prices and adequate export duties), while lifting costs increased significantly by 6.4% to $5.5 per boe ($5.2 in 2Q).
"Upon its accession to the WTO, China undertook to eliminate all export duties, except for a number of products listed in an Annex to its Protocol of Accession," WTO said in its report.
But a deficit of gasoline during the peak summer driving season made regulators reluctant to drop protective gasoline export duties.
In the course of ongoing talks over a free trade agreement, Ukraine has reportedly secured concessions from the EU on domestic export duties on a number of commodities, including sunflower seeds, which currently enjoy an 11% protective export duty, according to First Deputy PM Andriy Klyuyev.
But he flatly ruled out further government regulation of the market and hinted of stiffer export duties on gasoline exports in the months to come.
International Resource News-December 14, 2010--China to increase export duties on some rare earth minerals(C)1994-2010 ENPublishing - http://www.enpublishing.co.uk

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