Tariffs and Customs Terms A.1.08 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs.
at or towards the middle of a ship
amidships
consist of all types of projectiles, cartridges, bombs, mines grenades, torpedoes; torpedo warheads, propellant powder charges, pyrotechnics, rockets, missiles, special weapons, chemical smoke or incendiary ammunition or other “made up” explosive devices that are utilized by the armed forces in the prosecution of war
ammunition
periodic payment of debt
Amortization
a heavy metal device thrown over-board to prevent a ship from moving
anchor
portion of the sea deep enough for vessels to anchor, or ride at an anchor, within the harbor
anchorage
a regional trade arrangement among Bolivia, Ecuador, Colombia, Peru, and Venezuela, signed in 1969. Chile withdrew in 1976
Andean Pact
a unilateral trade benefit program that promotes economic development (through private sector initiative) among Andean countries, like Bolivia, Colombia, Ecuador, and Peru. It encourages alternatives coca cultivation and production.
Andean Trade Preference Act
refers to Annex 9, 7th edition, of the Convention on International Civil Aviation, held a Chicago, Illinois, U.S., on December 7, 1944
Annex 9 to the International Civil Aviation Convention
a situation wherein anomalies on the arrival of shipment have been checked and further details are being requested
anomaly on arrival
to put an earlier date to a document
antedate
refers to a government action or policy that impedes free business competition
anti-competitive
a law that rationalizes and strengthens the provision on anti-dumping (Section 301 of the Tariff and Customs Code of the Philippines): it attempts to protect a domestic industry, which is injured, or about to be injured, by the dumping of imported goods
Anti-Dumping Act of 1999
a kind of bond filed by an aggrieved industry, which protests against dumping of certain imported goods into the country
anti-dumping bond
a notarized compliant filed by an affected domestic industry or sector against dumping of imported goods. However, conditionally-free importations, and those made by non-profit government agencies, are not subject to it.
anti-dumping protest
laws enacted to combat restrictive practices, unfair competition, and monopolies
anti-trust legislation
a freight rate imposed on any size of shipment, and does not give a discount even for large cargo
any-quantity rate
the official voice of the private sector that advises leaders of the Asia-Pacific Economic Cooperation (APEC).
APEC Business Advisory Council
the policy of opening up an economy to foreign investors and imported goods.
apertura economics
a vessel’s outfit, such as rigging, anchor, and life boats
apparel
a piece of clothing or garment
apparel
a legal remedy of elevating a decision of the Collector of Customs to the Commissioner, and from the latter to the Department of Finance or the Court of Tax Appeals, as the case may be, or even up to the Court of Appeals, then to the Supreme Court, as the case warrants.
appeal
a committee that had jurisdiction over disputes on valuation and classification, which are reported in the Clean Report of Findings
Appeals Committee (Customs-Societe General de Surveillance [SGS]
also known as the opener, the person, usually the buyer or importer, who applies for, a letter of credit to finance his importation.
applicant
computation of transaction value or published value of an imported item, in order to impose the duties and taxes thereon.
appraisal
a customs official who computes the value of an important item and the duties. and the taxes due thereon.
appraiser
