Variable levy

Variable levy

Customs duty rate which varies in response to domestic price criterion.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International trade
Organization: WTO
Product:
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Related terms

variable levy

Economy; International trade

Customs duty rate which varies in response to domestic price criterion.

variable levy

Economy; International economics

A tax on imports that varies over time so as to stabilize the domestic price of the imported good. Essentially, the tax is set equal to the difference between the target domestic ...

levy

Education; SAT vocabulary

To impose and collect by force or threat of force.

levy

Economy; International economics

1. To impose and collect a tax or tariff. 2. A tax or tariff.

levy

Accounting; Auditing

1. Impose or collect an amount (such as a tax) by compulsion or legal authority. 2. The amount so collected. 3. Appropriation or seizure of a debtor's specific asset or property ...

levy

Accounting; Payroll

An attachment to satisfy a tax debt or a court judgment.

United Nations Center for International Trade Law (UNCITRAL)

Economy; International trade

An international body that drafts model laws such as the one on government procurement.

Uruguay Round

Economy; International trade

Multilateral trade negotiations launched at Punta del Este, Uruguay in September 1986 and concluded in Geneva in December 1993. Signed by Ministers in Marrakesh, Morocco, in April ...

voluntary restraint arrangement (VRA)

Economy; International trade

Bilateral arrangements whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, ...

waiver

Economy; International trade

Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.

Washington Treaty

Economy; International trade

Treaty for the protection of intellectual property in respect of lay-out designs of integrated circuits.

World Customs Organization (WCO)

Economy; International trade

A multilateral body located in Brussels through which participating countries seek to simplify and rationalize customs procedures.

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