Tariff engineering

Tariff engineering is a loophole whereby an importer pays a lower tariff by "adapting the item [being imported] so that [the importer doesn't] have to pay any levy".[1] They began following the 1881 US Supreme Court case of Merritt v. Welsh, which dealt with the classification of imported sugar.[2][3] An example of tariff engineering is the Chicken tax, related to the importation of trucks into the United States.[4]

References

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.