Customs Duties on Imports. 1. Customs duty on imports means any duty or charge of any kind imposed in connection with the importation of a product, but does not include any: (a) charge equivalent to an internal tax imposed consistently with paragraph 2 of Article III of the GATT 1994; (b) antidumping or countervailing duty applied consistently with Article VI of the GATT 1994, the WTO Agreement on Implementation of Article VI of the GATT 1994, or the WTO Agreement on Subsidies and Countervailing Measures; and (c) fee or other charge in connection with the importation commensurate with the cost of services rendered, imposed consistently with the provisions of Article VIII of the GATT 1994. 2. Except as otherwise provided for in this Chapter, each Party shall, upon entry into force of this Agreement, eliminate or reduce its customs duties imposed in connection with the importation of products originating in either Party, in accordance with the terms and conditions set out in its Schedule in AnnexI. 3. Except as otherwise provided in this Agreement, neither Party shall increase any existing customs duty, or adopt any new customs duty, on an originating product of the other Party, which is not in accordance with the terms and conditions set out in its schedule in Annex I.
Appears in 2 contracts
Sources: Free Trade Agreement, Free Trade Agreement
Customs Duties on Imports. 1. Customs duty on imports means any duty or charge of any kind imposed in connection with the importation of a product, but does not include any:
(a) charge equivalent to an internal tax imposed consistently with paragraph 2 of Article III of the GATT 1994;1994;
(b) antidumping anti-dumping or countervailing duty applied consistently with Article VI of the GATT 1994, the WTO Agreement on Implementation of Article VI of the GATT 1994, or the WTO Agreement on Subsidies and Countervailing Measures; Measures; and
(c) fee or other charge in connection with the importation commensurate with the cost of services rendered, imposed consistently with the provisions of Article VIII of the GATT 1994.
2. Except as otherwise provided for in this Chapter, each Party shall, upon entry into force of this Agreement, eliminate or reduce its customs duties imposed in connection with the importation of products originating in either Party, in accordance with the terms and conditions set out in its Schedule in AnnexI.Annex I.
3. Except as otherwise provided in this Agreement, neither Party shall increase any existing customs duty, or adopt any new customs duty, on an originating product of the other Party, which is not in accordance with the terms and conditions set out in its schedule in Annex I.
Appears in 2 contracts
Sources: Free Trade Agreement, Free Trade Agreement
Customs Duties on Imports. 1. Customs duty on imports means any duty or charge of any kind imposed in connection with the importation of a product, but does not include any:
(a) charge equivalent to an internal tax imposed consistently with paragraph 2 of Article III of the GATT 1994;
(b) antidumping antidumping or countervailing duty applied consistently with Article VI of the GATT 1994, the WTO Agreement on Implementation of Article VI of the GATT 1994, or the WTO Agreement on Subsidies and Countervailing Measures; and
(c) fee or other charge in connection with the importation commensurate with the cost of services rendered, imposed consistently with the provisions of Article VIII of the GATT 1994.
2. Except as otherwise provided for in this Chapter, each Party shall, upon entry into force of this Agreement, eliminate or reduce its customs duties imposed in connection with the importation of products originating in either Party, in accordance with the terms and conditions set out in its Schedule in AnnexI.Annex I.
3. Except as otherwise provided in this Agreement, neither Party shall increase any existing customs duty, or adopt any new customs duty, on an originating product of the other Party, which is not in accordance with the terms and conditions set out in its schedule in Annex I.
Appears in 1 contract
Sources: Free Trade Agreement