Duty is usually based upon
A) tariff, border traffic taxes, and non-tariff barriers.
B) value-added taxation, absolute quota, and patriotism campaigns.
C) pre-shipment inspections and Customs bonds.
D) product classification, valuation, and origin.
E) None of the above

Question

Quizplus · Accepted Answer

Tariff is the amount of duty,border traffic taxes are not always relevant,and non-tariff barriers have nothing to do with duty.While value-added taxation can be part of a duty,absolute quota is a blanket import restriction and has nothing to do with duty,and patriotism campaigns are a non-tariff barrier.Pre-shipment inspections are not required by all countries,and Customs bonds-if they are used-are based on duty.Duty is usually based upon product classification,valuation,and origin.From these elements,Custom calculates the tariff.

Duty Is Usually Based Upon