ADMS 2610 Lecture Notes - Lecture 5: Extraterritoriality, Most Favoured Nation, Common Carrier

• School: York University
• Department: Administrative Studies
• Course: ADMS 2610
• Professor: Joshua Sera

Document Summary

The importance of trade in the canadian economy. The most important federal statutes are the customs act and the customs tariff act. The customs act is an administrative statute that sets out the various powers and duties of customs officers, the procedures for the importation of goods, and the rules for the collection of customs, duties and payment of refunds. The customs tariff act sets out the various duty rates applicable to goods brought into. It also contains a list of goods that may not be imported into canada (i. e. , prohibited commodities). Tariff: the duty (payment) charged by the federal government on goods imported into. World customs organization: an organization that provides internationally-recognized identification numbers for goods traded internationally. Dumping: the selling abroad of goods at prices lower than the prices of the goods sold domestically in the country of origin. Canadian industries and businesses are protected from the dumping of foreign goods into.