Question
BUSS 3421-INTERNATIONAL TRADE 1. Duty is the amount of tax paid on an imported good. The amount of duty that an importer has to pay
BUSS 3421-INTERNATIONAL TRADE
1. Duty is the amount of tax paid on an imported good. The amount of duty that an importer has to pay is determined by three factors, such as classification, valuation, and the rules of origin.
a. Classifications are made according to very specific rules of interpretation. What are the rules of interpretation?
(18 marks)
(CLO1: PLO2: C4)
b. Briefly explain the THREE (3) types of taxes other than import tax.
(6 marks)
(CLO1: PLO2: C2)
c. What is tariff?
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Contemporary Business
Authors: Louis E. Boone, Micheal H. Khan, DAvid L. Kurtz, Brahm M. Canzer
1st Canadian Edition
978-1118161739, 1118161734
