Tariffs and Customs Terms N.1.89 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 term coined by the Organization for Economic Cooperation and Development, it refers to developing countries, like Brazil, South Korea, Mexico, Singapore, Taiwan, which have reached a relatively advanced stage of economic growth.
Newly Industrialized/ing Countries
safeguards such as imposition of higher tariffs, tariff quotas, or quantitative restrictions, which are in effect for four years, and extendible to eight years. They must, however, be progressively lifted during the latter period.
new safeguards
as defined by the U.S. Department of Commerce, it indicates that a company has not exported during the past two years, or prior exports were due to unsolicited orders.
New to-export
a term shown in a manifest which indicates that the ship has no cargo.
nil cargo
NIMEXE a product classification system (nomenclature) used for trade statistics in the European Community.
NIMEXE
a product classification system (nomenclature) used in European Community. It is expanded version of the Brussels Tariff Nomenclature.
NIMEXE Code
major ship classification society of Japan.
Nippon Kaiji
a phrase that means an article (eg sample, scrap, reject, small parcel, etc.) has no market value and is tax- and duty-free.
no commercial value
importations that do not involve any immediate or potential remittance of foreign exchange from a banking institution.
no dollar importations
a part in the flow of goods where they come to rest, eg. plants, warehouses, supply sources, markets.
node
a situation wherein an article has no storage slot in a warehouse.
no location
a revolving letter of credit that prohibits use of an unutilized amount for later periods.
non-cumulative revolving credit
a system of naming internationally traded commodities.
nomenclature
also known as green subsidy, it is a subsidy that cannot be subjected to a countervailing duty.
non-actionable subsidy
a common carrier that engages in transport business even without prior government permit.
non-certificated carrier
imported luxury articles.
non-essential consumer goods
consignments that are not business, inter-office and personal in character.
non-documents consignment
the period of 30 days counted from the failure of the importer or broker to file an entry. Henceforth, all imported articles covered by an entry are deemed abandoned in favor of the government.
non-extendible period
an airline company that is not a member of the International Air Transport Association (IATA), but may still operate as an interline partner under lATA term
non-IATA member
transactions like shipment of goods by consignment, branch office transfers, lease or loan of goods, countertrade, donations, shipment of promotion samples.
no sale situations
a centrally-planned and State-controlled economy (e.g. China or Cuba)
non-market economy
an exporter or producer who has not been initially chosen as among the selected exporters or producers of an article under an anti-dumping investigation
Non-selected exporter or producer
a situation wherein ordered goods have not been shipped at the port of destinations
non-shipment
forms of trade barriers, like qualitative restrictions or quota system, charge, strict government regulations, domestic support programs, discriminatory labelling and health standards, exclusiove business practices. Similar to non-tariff measures, these do not include imposition of Customs duties. non-tariff measures
non-tariff barriers
measures such as imposition of import quotas or quantitative restrictions, non-automatic importr selling, Customs surcharges, fees and charges, strict customs procedures, export subsidies, unreasonable standards, Government procurement, restrictions, inadequate intellectual property protection, and investment restrictions. Similar to non-tariff barriers, these do not include imposition of Customs duties.
Non-tariff measures
