specific tariff

specific tariff definition - business

specific tariff

A customs duty assessed on a per unit basis rather than on market value. For example, a specific tariff on a particular type of grain might be established at 20¢ per pound. Compare ad valorem tariff.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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