People's Daily Online states that effective April 1, 2005, China will begin levying higher tariffs of up to 30%, equivalent to the tariff rates for complete vehicles, on certain auto part imports, including those completely knocked down (CKD) and semi-knocked down (SKD). Except for those specified in the rule, the article states that other forms of auto part imports will continue to be eligible for tariff rates of between 13 - 17%. In addition, starting from July 1, 2006, the higher tariffs will be extended to any imports of auto parts valued at 60% or more of the total price of a complete vehicle. (PDO, dated 03/07/05, available at http://english1.people.com.cn/200503/07/print20050307_175863.html ), also see http://www.investweb.cn/policy/PolicyDetail.aspx?id=687 )
Customs duty
A customs duty is a tariff or tax which a country imposes on goods when they are transported across international borders. Customs Duties are used to protect countries' economies, residents, jobs, and environments, by limiting the flow of imported merchandise, especially restricted and prohibited goods, into the country. The Customs duty rate is a percentage determined by the value of the article purchased in the foreign country and not based on quality, size, or weight. U.S. customs duties are listed in the Harmonized Tariff Schedule of the United States.
In the May 4, 2005 edition of the Canada Gazette, the Canadian government has published an order suspending the application of concessions on imports of certain products originating in the U.S. Effective May 1, 2005, this order imposes a 15% surtax on listed U.S. products in light of the U.S.' failure to repeal the Byrd Amendment, which the World Trade Organization (WTO) has ruled is inconsistent with the U.S.' international obligations.
On May 1, 2005, both the European Union (EU) and Canada will begin imposing 15% additional duties on various U.S.-origin products in light of the U.S.' failure to repeal the Byrd Amendment1, which the World Trade Organization (WTO) has ruled is inconsistent with the U.S.' international obligations.
The International Trade Commission (ITC) has posted to its Web site its preliminary report for its investigation (No. 1205-6) on proposed modifications to the Harmonized Tariff Schedule (HTS), which are scheduled to become effective in January 2007.
The International Trade Commission (ITC) has posted to its Web site its preliminary report for its investigation (No. 1205-6) on proposed modifications to the Harmonized Tariff Schedule (HTS). According to the ITC, these proposed modifications are scheduled to become effective in January 2007.
According to U.S. Customs and Border Protection (CBP), the low-duty Tariff Preference Level (TPL) (2) for Mexico filled on April 19, 2005 at 10:52 a.m.
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The International Trade Commission (ITC) has instituted an investigation entitled, Steel: Evaluation of the Effectiveness of Import Relief, for the purpose of evaluating the effectiveness of relief action that was imposed by the President, and subsequently terminated, on imports of certain steel products.
U.S. Customs and Border Protection (CBP) has announced that the 2005 in-quota ("low duty") tariff rate quota (TRQ) for canned tuna and skipjack (tuna) filled at opening moment on January 3, 2005.
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