ts

• Revenue Tariff


  A tax applied to imported and exported goods in order to increase the revenue of a regional or national government
• Revenue Tariff


  • Tariff imposed chiefly to generate public revenue
  • Designed to obtain revenue rather than to restrict imports
• Protective Tariff


  Designed to shield domestic production from foreign competition by raising the price of the imported commodity
• Protective Tariff


  • Intended primarily to protect domestic producers rather than to yield revenue
• 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
• As to Form

  • Specific Duty
  • Ad Valorem Duty
  • Mixed and Compound Duty
• Ad Valorem Duty

  A tax levied which is equal to a certain percentage of the value of the imported articles
• Specific Duty


  Levied on imports that is proportional to the number of items or units imported without regard to its value
• Mixed or Compound Duty


  A tax which comprises both specific and an ad valorem rates
• As to Economic Purpose or Effect


  • Revenue Duty
  • Protective Duty
• Revenue Duty


  Designed primarily to obtain or raise revenue for the government rather than to restrict imports
• Protective Duty

  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
• As to Special Purpose

  • Anti-Dumping Duty
  • Countervailing Duty
  • Safeguard Duty
• Anti-Dumping Duty

  Duty which is equal to the difference between lower price of the dumped imported articles and the higher price of a like domestic product. It is imposed in addition to the regular duty, to prevent the continuous dumping of imported articles into the local market of a country at a price less than those prevailing in its domestic market
• Countervailing Duty


  Duty which is equal to the ascertained amount of subsidy granted. 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
• Safeguard Duty


  An increase in tariff levied in addition to the regular duty against covered products being imported in an increased quantity or its volume exceeds the trigger level or its CIF value falls below the trigger price
• As a Form of Penalty

  • Discriminatory Duty
  • Marking Duty
  • Transit Duty
• Discriminatory Duty


  It is a penalty duty in addition to the regular duty imposed by one country against the articles or products of a country that equally imposes unreasonable charge or limitations, which discriminate against the product of the discriminated country
• Marking Duty


  A penalty duty in addition to the usual duty, imposed against imported articles or its container, which are not properly marked of its country of origin
• Transit Duty


  A tax imposed on commodities for transiting / passing through a customs territory of a country en route to another territory of another country or for stop over privilege given by a country