Customs classification

Customs classification

1. The category defining the tariff to be applied to an imported good. 2. The act of determining this category, which may be subject to various rules and/or to the discretion of the customs officer.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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Related terms

customs classification

Economy; International economics

1. The category defining the tariff to be applied to an imported good. 2. The act of determining this category, which may be subject to various rules and/or to the discretion of ...

Customs

Economy; International trade

The authorities designated to collect duties levied by a country on imports and exports. The term also applies to the procedures involved in such collection.

classification

Natural environment; Coral reefs

A system of nested hierarchical categories used to efficiently store information about biological diversity.

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Accounting; Auditing

Arrangement or grouping. Assets and liabilities are normally classified as current or noncurrent.

classification

Archaeology; Evolution

The arrangement of organisms into hierarchical groups. Modern biological classifications are Linnaean and classify organisms into species, genus, family, order, class, phylum, ...

classification

Biology; Biodiversity

The grouping of things into an organized system. Classification of living things is based on how they are alike.

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To rebuild Greece economy some European economists recommend to launch a new currency for Greece. They call it Geuro.

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