Tariff - Law Dictionary Search Results
Home Dictionary Name: tariffTariff
Tariff [Span.], a cartel of commerce, a book of rates, a table or catalogue, drawn up usually in alphabetical order, containing the names of several kinds of merchandise, with the duties or customs to be paid for the same, as settled by authority or agreed on between the several States that hold commerce together.The Customs Tariff Act, 1876, consolidated the then Customs Duties, and some of the duties imposed by that Act are still in force.In 1932 there was a change in the fiscal policy of this country. By the Import Duties Act, 1932 (22 Geo. 5, c. 8), a general ad valorem customs duty of 10 per cent. was imposed on all imports with additional duties on special classes or descriptions of goods. But imports from Dominions were subject to special agreements and the Ottawa Agreements. The 1932 Act set up an Advisory Committee to make recommendations to the Treasury as to additional customs duties. Since this Act several further duties have been imposed. See CUSTOMS.The word 'tariff' has ...
Tariff value
Tariff value, in relation to any goods, means the tariff value fixed in respect thereof under. [Customs Act, 1962 (52 of 1962), sub-s. (2) of s. 14. (s. 2 (40)]...
tariff
tariff [Italian tariffa, from Arabic tarīf notification] 1 a : a schedule of duties imposed by a government on imported or in some countries exported goods b : a duty or rate of duty imposed in such a schedule 2 : a document filed with the appropriate government agency that sets forth the rates, charges, and other provisions pertaining to services furnished by a business (as a carrier) or public utility ...
Domestic tariff area
Domestic tariff area, means the whole of India (including territorial waters and continental shelf) but does no include the area of the Special Economic Zones. [Special Economic Zones Act, 2005 (28 of 2005), s. 2(i)]...
Interpretation of items in Tariff Schedule
Interpretation of items in Tariff Schedule, where no definition is provided in the statute itself, as in this case, for ascertaining the correct meaning of a fiscal entry reference to a dictionary is not always safe as it gives all the different shades of meaning. Where the word has a scientific or technical meaning and also an ordinary meaning according to common parlance, it is in the latter sense that in a taxing statute the word must be held to have been used, unless contrary intention is clearly expressed by the legislature, Collector of Central Excise v. Krishna Carbon Paper Co., AIR 1988 SC 2223: (1989) 1 SCC 150....
Countervailing duty
Countervailing duty, is imposed when excisable articles are imported into the State, in order to counter-balance the excise duty, which is leviable on similar goods if manufactured within the State. So far as countervailing duty is concerned, the incidence of the impost is on the import of the excisable articles, i.e. at the time of entry into the State, S.K. Pattanaik v. State of Orissa, AIR 2000 SC 612 (613): (2000) 1 SCC 413. [Bihar and Orissa Excise Act, (2 of 1915), s. 27]Under s. 2A of the Tariff Act any article which is imported into India shall be liable to customs duty equal to the excise duty for the time being leviable on a like article if produced or manufactured in India. Such customs duty in addition to the duty under the Tariff Act is known as countervailing duty, Dunlop India Ltd. v. Union of India, AIR 1977 SC 597 (599): (1976) 2 SCC 241. [Indian Tariff Act, 1934, s. 2A]. See also State of Uttar Pradesh v. Delhi Cloth Mills, (1991) 4 SCC 454....
Most favored nation clause
A clause often inserted in treaties by which each of the contracting nations binds itself to grant to the other in certain stipulated matters the same terms as are then or may be thereafter granted to the nation which receives from it the most favorable terms in respect of those matters It is used most frequently in treaties regarding the terms of trade between countries as regarding tariffs and non tariff barriers to trade...
Cigarette packets
Cigarette packets, container would contain smaller boxes inside and thereafter goods will be transported and would normally be reusable. Cigarette packets are not used for transporting. In this context, cigarette packet would be a small box, Collector, Central Excise v. ITC Ltd., AIR 2003 SC 1484 (1488). [Central Excise Tariff Act (5 of 1986), Sch. Tariff, Item 17]....
Groundnut Kernel
Groundnut Kernel, Groundnut is a well commodity which is available both in shell and as kernel. In this context, 'kernel' clearly means the grain, seed or the soft matter inside the shell, whatever the use or purpose to which it is put, eating or crushing for oil or sowing, Milak Brothers v. Union of India, 1991 Supp (1) SCC 71: AIR 1990 SC 2256 (2261). (Customs Tariff Act, 1975, Schedule 2, item 20)See Milak Brothers v. Union of India, AIR 1990 SC 2256. (Customs Tariff Act, 1975, Sch. 2, Item 20)...
Indirect tax enactment
Indirect tax enactment, means the Customs Act, 1962 (52 of 1962) or the Central Excise Act, 1944 (1 of 1944) or the Customs Tariff Act, 1975 (51 of 1975) or the Central Excise Tariff Act, 1985 (5 of 1986) or the relevant Act and includes the rules or regulations made under such enactment. [Finance Act, 1998, s. 87(j)]...
- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial