Illicit


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Illicit

Not permitted or allowed; prohibited; unlawful; as an illicit trade; illicit intercourse.

ILLICIT. What is unlawful what is forbidden by the law. Vide Unlawful.
     2. This word is frequently used in policies of insurance, where the assured warrants against illicit trade. By illicit trade is understood that "which is made unlawful by the laws of the country to which the object is bound." The assured having entered into this warranty, is required to do no act which will expose the vessel to be legally condemned. 2 L. R. 337, 338. Vide Insurance; Trade; Warranty.

References in periodicals archive ?
"An international community of people -- observers, experts, private sector executives and government officials -- have identified the many ways in which illicit trade, in all its various forms, can be combated.
Compared with 2016, the volume of illicit cigarettes declined, thanks to dropping volumes in five markets led by the Philippines, followed by Indonesia, Pakistan, Laos and Australia.
Philip Morris International (PMI), a leading international tobacco company, has collaborated with Oxford Economics to monitor and analyse total consumption, domestic sales, and lost tax revenues due to illicit trade in the GCC region.
Abu Dhabi: Illicit trade is growing and the response through multilateral trade institutions such as World Trade Organisation will help in combating the problem, a senior official from Dubai government said.
Increased automation of customs procedures can be effective in mitigating opportunities for corruption, "according to a report by the Transnational Alliance to Combat Illicit Trade (TRACIT)," titled "Recommendations to Combat Illicit Trade: Inspired by the Global Illicit Trade Environment Index"
The UAE is a safe haven not just for individuals but for businesses as well, thanks to its strong regulations and strict implementation of laws for protecting copyrights and fight against all kinds of illicit trade.
BEIRUT: At Lebanon's first national conference to combat illicit trade Wednesday, experts agreed that a multidisciplinary approach between private and public bodies is needed to combat the phenomenon, described as a "destructive crime" that spares none of the country's sectors.
The illicit financial inflow of USD 770 billion was 14 per cent of India's total trade of USD 5,500,744 million ( USD 5,500 billion), GFI said.
regular session on February 29 - March 24, said there is need to repatriate illicit funds to countries of origin unconditionally, in line with the UN Convention against Corruption and the commitment made at the 2005 World Summit and the high-level meeting of the 2010 UN General Assembly on the Millennium Development Goals, prioritise fight against corruption and put a halt to the illicit transfer of funds.
(B) major sources of precursor chemicals used in the production of illicit narcotics; or
Oliver Salmon, Oxford Economics senior economist for Asia, said the Philippine government's action to address the problem on illicit trade with the imposition of the new tax stamp program is a positive development.
Ratification by governments of the Protocol to Eliminate Illicit Trade in Tobacco Products is necessary to respond to the financial, legal and health impacts of the illicit trade of tobacco products.