Tariffs and Customs Terms G.1.66 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 principle of the General Agreement on Tariffs and Trade (GATT), which states that if the domestic law of a GATT member is inconsistent with GATT’s mandatory provisions, such member is exempt from said provisions provided that the domestic law was enacted prior to a country’s membership thereto.
grandfather clause
all kinds of grains, like wheat, maize, rye, barley, oats, rice, paddy, seeds, pulses, nuts, or nut kernels.
Grains
there is grave abuse of discretion amounting to lack of jurisdiction when there is a capricious and whimsical exercise of judgment as is equivalent to lack of jurisdiction, such as where the power is exercised in an arbitrary or despotic manner by reason of passion or personal hostility, and it must be so patent and gross so as to constitute an evasion of positive duty or to a virtual refusal to perform the duty enjoined or to act at all in contemplation
grave abuse of discretion
articles that bear genuine trademarks but imported by a party other than the trademark holder or authorized importer.
gray market imports
bilateral voluntary export restrictions, orderly marketing agreements, and similar measures that limit importation of certain products.
grey area measures
a computer-based Customs system that allows low-risks shipment (e.g.; consignee has good track record, the goods are not prohibited, the documents are in order, etc.) immediate clearance without examination
Green Lane
a technique that determines the least costly venue for erecting a plant or warehouse, taking into account the inflow of raw materials
girl technique
a measure of the market value of all goods and services produced within the boundaries of a nation regardless of asset ownership
gross domestic product
is a transgression of some stablished and definite rule of action more particularity, unlawful behavior or gross negligence by the public officer. It is this kind of fatting misconduct on the part of those who are charged with the responsibility of administering the law and rendering justice that so quickly and surely corrodes the respect for law and the courts without which the government cannot continue and that tears apart the very bonds of polity.
Gross misconduct
a measure of the market value of the goods and services produced by the labor and property of a nation
gross national product
it has been defined as negligence characterized by the want of even slight care, acting or omitting to act in a situation where there is a duty to act, not inadequately but willfully and intentionally with a conscious indifference to consequences in so far as other persons may be affected. It is omission of that care which even inattentive and thoughtless men never fail to take on their own property.
gross negligence
the amount by which the net sales exceed the cost of goods sold.
gross profit
the cubic capacity of spaces within the ship’s hull and those above her deck for cargo, machinery, stores, passengers, and crew. It is expressed in register tons of 100 cubic feet or 2.93 cubic meters.
gross register ton
the total sum of money, or its equivalent, paid in consideration of sale, barter, or in exchange of goods or properties, excluding the Value-Added Tax.
gross selling price
a clause in a charter contract which means that the expenses for cargo loading, stowing, and unloading are paid by the ship owner.
gross terms
