Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Autonomous tariff
see tariff (2).
General Agreement on Tariffs and Trade
A multiparty international agreement - signed originally in 1948 - that promotes international trade by lowering import duties and providing equal access to markets. ( More than 130 nations are parties to the agreement. - Abbr. GATT.
Tariff
n. 1. A schedule or system of duties imposed by a government on imported or exported goods. ( In the United States, tariffs are imposed on imported goods only. 2. A duty imposed on imported or exported goods under such a system. See DUTY (4).
antidumping tariff
A tariff equaling the difference between the price at which the product is sold in the exporting country and the price at which the importer will sell the product in the importing country. ( These tariffs are designed to prevent-foreign businesses from artificially lowering their prices and gaining unfair advantages outside their home market. See ANTIDUMPING LAW.
autonomous tariff
A tariff set by legislation rather than by commercial treaty.
discriminatory tariff
A tariff containing duties that are applied unequally to different countries or manufacturers.
joint tariff
A rate schedule established by two or more carriers covering shipments between places requiring the.use of facilities owned by those carriers.
preferential tariff
A tariff that favors the products of one country over those of another. Cf. MOST-FAVORED-NATION CLAUSE.
protective tariff
See TARIFF (2).
retaliatory tariff.
A tariff imposed to pressure another country into removing its own tariffs or making trade concessions.
revenue tariff
A tariff enacted solely or primarily to raise revenue. 3. A fee that a public utility or telecommunications company may assess for its services. The tariffs that a provider may charge are limited by statute. 4. A schedule listing the rates charged for services provided by a public utility, the U.S. -Postal Service, or a business (esp. one that must by law file its rates with a public agency). - tariff, ub.