Tariff Line definition

Tariff Line. A single item in a country’s tariff schedule. Tariff Peaks: Most import tariffs are now quite low. But for a few products that governments may consider sensitive, tariffs remain high. These are “tariff peaks”. Some affect exports from developing countries. There are two kinds of tariff peaks: Tariff Rate Quotas: A combination of an import tariff and an import quota whereby imports below a specified quantity enter at a low (or zero) tariff, and imports above that quantity enter at a higher tariff. For India, the EU and US have committed a tariff rate quota of 20,000 tonnes and 9,000 tonnes respectively, which means that imports above this quantity will be charged higher import duty.
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Examples of Tariff Line in a sentence

  • LCL rates are subject to extra length surcharge as defined in the individual Tariff Line Item.

  • When two or more freight rates are named for the same commodity over the same route and under similar conditions, and the application is dependent upon the quantity of the commodity shipped, the total freight charges assessed against the shipment may not exceed the total charges computed for a larger quantity, if the Tariff Line Item specifying a required minimum quantity either weight or measurement per container or in containers and if the minimum set forth is met or exceeded.

  • At the shipper's option, a quantity less than the minimum level may be freighted at the lower Tariff Line Item if, the weight or measurement declared for rating purposes is increased to the minimum level.

Related to Tariff Line

  • Trunk line means a transmission path, or group of

  • Tariff Rate means a fixed or variable rate within a Price Category that determines the Distribution Services charges that apply to an ICP;

  • Tariff Order means the Telecommunication (Broadcasting and Cable) Services (Eighth) (Addressable Systems) Tariff Order, 2017;

  • Tariff means a filing made at the state or federal level for the provision of a telecommunications service by a telecommunications carrier that provides for the terms, conditions and pricing of that service. Such filing may be required or voluntary and may or may not be specifically approved by the Commission or FCC.

  • Overhead line means any electric supply-line, which is placed above ground and in the open air but excluding live rails of traction system;