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  2. Customs duties in the United States - Wikipedia

    en.wikipedia.org/wiki/Customs_duties_in_the...

    The United States imposes tariffs (customs duties) on imports of goods. The duty is levied at the time of import and is paid by the importer of record. Customs duties vary by country of origin and product. Goods from many countries are exempt from duty under various trade agreements. Certain types of goods are exempt from duty regardless of source.

  3. List of countries by tariff rate - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...

  4. Tariff - Wikipedia

    en.wikipedia.org/wiki/Tariff

    Customs duty is calculated on the determination of the 'assess-able value' in case of those items for which the duty is levied ad valorem. This is often the transaction value unless a customs officer determines assess-able value in accordance with the Harmonized System. [citation needed]

  5. Tariff-rate quota - Wikipedia

    en.wikipedia.org/wiki/Tariff-rate_quota

    A TRQ may discriminate if imports equal or exceed the in-quota volume, rendering the price of imports in the importing country higher than the world price plus the import tariff. Such price difference is known as quota rent, and the distribution of in-quota import rights can determine not only the volume and distribution of trade but also the ...

  6. Customs valuation - Wikipedia

    en.wikipedia.org/wiki/Customs_valuation

    Customs valuation is the process whereby customs authorities assign a monetary value to a good or service for the purposes of import or export. Generally, authorities engage in this process as a means of protecting tariff concessions, collecting revenue for the governing authority, implementing trade policy, and protecting public health and safety.

  7. United States House Ways and Means Subcommittee on Trade

    en.wikipedia.org/wiki/United_States_House_Ways...

    From the House Rules: The jurisdiction of the Subcommittee on Trade shall include bills and matters referred to the Committee on Ways and Means that relate to customs and customs administration including tariff and import fee structure, classification, valuation of and special rules applying to imports, and special tariff provisions and procedures which relate to customs operation affecting ...

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  9. Excise tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Excise_tax_in_the_United...

    Initially the U.S. Federal Government was financed mainly by customs . Average excise % is calculated by dividing excise revenue by total revenue. Other taxes collected are income tax, corporate income tax, inheritance, Tariffs, often called customs or duties on imports, etc. Income taxes began in 1913 with the passage of the 16th Amendment.