Tariff System in General

Cards (5)

  • As to Economic Purpose or Effect
    • Revenue Duty
    • Protective Duty
  • Bargaining Tariff
    Whose schedules include rate designated primarily for bargaining purpose or which contain some general provision for the imposition of higher duties upon products of countries whose tariff policies are considered unsatisfactory or unfair
  • Specific Duty

    Levied on imports that is proportional to the number of items or units imported without regard to its value
  • Protective Duty
    It is intended to protect or shield domestic products from foreign competition by imposing higher duties on imported commodities, thus restricting its entrant in the domestic markets giving domestic goods on a competitive edge
  • Countervailing Duty
    It is intended to offset the subsidy or bounty directly or indirectly granted by the government of the exporting country, which has caused or threaten to cause material injury to a domestic industry or retard the establishment of a domestic industry producing identical or like articles