Tariffs and Customs Terms A.1.03 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.
A kind of subsidy that can be challenged through multilateral dispute settlement or countervailing action.
actionable subsidy
the word has invariably been defined as the legal demand of one’s right, or rights; the lawful demand of one’s rights in the form given by law; a demand of a right in court of justice; the lawful demand of one’s right in a court of justice; the legal and formal demand of one’s right from another or party, made and insisted on in a court of justice; a claim made before a tribunal; an assertion in a court of justice or a right given by law; a demand or legal proceeding in a court of justice to secure one’s rights; the means by which man litigates with each other; the means that the law has provided to put the cause of action into effect.
Action
raw materials, work in progress, and finished products to be used or sold at no extra cost.
active inventory
goods that can be readily picked up from a certain location (e.g. warehouse) upon order.
active stock
it has been defined as an accident, due directly and exclusively to natural causes without human intervention, which by no amount of foresight, pains or care, reasonably to have been prevented. The principle requires that the act must be one occasioned exclusively by the violence of nature and all human agencies are to be excluded from creating or entering into the cause of the mischief.
Act of God
it consists in giving of actual possession to the vendee or his agent, as for example, in manually transferring the possession of a thing from the vendor to the vendee.
actual delivery
Refers to customers’ orders and allocation of items, ingredients, and raw materials for production or distribution.
actual demand
is intentional fraud; it consists in deception, intentionally practiced to induce another to part with property or to surrender some legal right, and which accomplishes the end designed.
actual fraud
the phrase has been construed as the price which an article would command in the ordinary course of business, that is to say, when offered for sale by one willing to sell, but not under compulsion to sell, and purchased by another who is willing to buy, but under no obligation to purchase it, or the price which the property will bring in a fair market after fair and reasonable efforts have been made to find a purchaser who will five the highest price for it. For purposes of taxation, it means the selling price of the article in the course of ordinary business.
actual market value
an insured cargo totally destroyed or irretrievably lost, and therefore, rendered worthless.
actual total loss
a specialist who calculates the risk of property being insured.
actuary
the value of products and services due to a particular process, like production, storage, and transport.
added value
a record of payment formats in an Automated Clearing House
addenda record
an increase in the price of goods by a retailer over and above that pegged by the producer.
additional mark-on
a reduction in freight paid by the charterer to the ship-owner in case there is no extra service performed by the ship on her return.
address commission
a situation wherein the delivery address is beyond a carrier’s area of operation.
address ex delivery area
resolution of a legal case by a hearing body.
adjudication
a modification in the assessment of duties and taxes due to a discrepancy in the importer’s original declaration; Determination of compensation for the insured.
adjustment
it is a government body charged with administering and implementing particular legislation. The term “agency” includes any department independent establishment, commission, administrator, authority, board, or bureau. An __________ _______ has only such powers as are expressly granted to it by law and those that are necessarily implied in the exercise thereof.
Administrative agency
the body of law concerning the organization, operations responsibilities and functions of the government, especially its administrative agencies.
Administrative Law
expenses for the payment of salary, rental, insurance, electricity, heating, stationery, utility and janitorial services.
administrative overhead
refers to the formal or written opposition submitted by the aggrieved party against the decision or ruling of the Collector of customs in case where liability for duties, taxes, fees or other charges are determined by presenting the same within fifteen (15) days after payment or upon payment of duties and taxes setting forth his objection and his reasons against the ruling made.
administrative protest
a procedure for establishing and enforcing legal rights by going to an administrative agency rather than filing a law suit in the courts.
administrative remedy
these rules and regulations promulgated by administrative agencies in pursuance of the procedure and authority conferred upon the latter by law, with the force and effect of laws. The details and the manner of carrying out the law are oftentimes left to the administrative agency entrusted with its enforcement. In this sense, it has been said that rules and regulations are the product of a delegated power to create a new or additional legal provisions that have the effect of law. These rules are binding on the courts so long as the procedure fixed for their promulgation is followed and their scope is within the statutory authority granted by the legislature, even if the courts are not in agreement with the policy stated therein or its innate wisdom.
administrative rules
a court of law dealing with maritime disputes.
admiralty
