Customs & Excise Sample Clauses

The Customs & Excise clause outlines the responsibilities of the parties regarding the payment and compliance with customs duties, taxes, and import/export regulations associated with the movement of goods across borders. Typically, this clause specifies which party is liable for customs clearance, payment of duties, and handling of any related documentation or permits. For example, it may state that the seller is responsible for export duties while the buyer handles import taxes. Its core function is to allocate financial and administrative responsibility for customs and excise matters, thereby preventing disputes and ensuring smooth cross-border transactions.
Customs & Excise. (c) Any reference herein to a party shall (where appropriate) be deemed, at any time when such party is treated as a member of a group for the purposes of section 43 of the VATA, to include a reference to the representative member of such group.
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Customs & Excise. The Business Sellers have not provided to any employee or ex-employee employed in connection with the Business, or to any officer or ex-officer appointed in connection with the Business or the Business Assets any securities or interest in securities in respect of which the Purchaser will or would, if any prescribed circumstances arise, be required on or after Completion to operate PAYE or pay or account for any national insurance contributions by virtue of Chapters 2-5 inclusive of Part 7 of the Income Tax (Earnings and Pensions) ▇▇▇ ▇▇▇▇.
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Customs & Excise. 1.2 Unless the context otherwise requires, words and expressions defined in the Agreement have the same meanings in this Deed as in the Agreement. 1.3 In this Deed, a reference to: 1.3.1 a statutory provision includes a reference to the statutory provision as modified or re-enacted or both from time to time whether before or after the date of this Deed and any subordinate legislation made under the statutory provision whether before or after the date of this Deed; 1.3.2 an Event occurring includes an Event deemed to have occurred for the purposes of any Tax; 1.3.3 an Event on or before Completion includes: (a) any combination of Events only the first or some of which has or have taken place on or before Completion; and (b) an Event which is deemed for the purposes of any Tax to have occurred on or before Completion; 1.3.4 income, profits or gains earned, accrued or received includes any income, profits or gains deemed to be earned, accrued or received for the purposes of any Tax; 1.3.5 income, profits or gains earned, accrued or received on or before a particular date or in respect of a particular period includes income, profits or gains which are deemed for the purposes of any Tax to have been earned, accrued or received on or before that date or in respect of that period. 1.4 In clause 2.1.4, "CONTROL" has the same meaning as in section 767A of the Taxes Act and "CONTROLLED" is to be construed accordingly.
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Customs & Excise. The Company has complied fully and accurately with all applicable requirements of Part 11 of the Finance ▇▇▇ ▇▇▇▇ and other legislation, statutory instruments, regulations notices and practices on or connected with customs and/or excise. MISCELLANEOUS
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Customs & Excise. There is no dispute or disagreement outstanding nor is any contemplated at the date of this agreement with any revenue authority regarding the proper method of computing the profits of the Business (or any part of it) for Tax purposes or the proper treatment for VAT purposes of any supplies of goods or services made (or treated as made) in the course of the Business and there are no circumstances which make it likely that any such dispute or disagreement will commence.
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Customs & Excise per centum of the aggregate of the sums referred to in Clauses 1.75.1 to 1.75.4 (inclusive) as adjusted pursuant to this Agreement and so that (for the avoidance of doubt) any sum which is recovered under one sub-clause shall not also be recovered under another sub-clause of this Clause 1.75
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Related to Customs & Excise

  • Customs Upon Apple's request, Seller will promptly provide Apple with a statement of origin for all Goods and any relevant Customs documentation for such Goods.

  • Federal Excise Tax A. Any taxes (including (i) any taxes based on or imposed on, in whole or in part, the Reinsurer's net income or (ii) any excise taxes under Section 4371 of the Internal Revenue Code of 1986, as amended (the "Code") with respect to the business covered under this Contract) imposed by any governmental entity in respect of amounts paid to the Reinsurer under this Contract will be the responsibility of the Reinsurer and the Company shall have no liability therefor. The Reinsurer will allow the Company to deduct, for the purpose of paying Federal Excise Tax the applicable percentage of any premium payable hereon (as imposed under Section 4371 of the Code) to the extent such premium is subject to such tax. Without limiting the foregoing, the Reinsurer shall indemnify and hold harmless the Company and the Insured against any excise taxes imposed under Section 4371 of the Code with respect to the business covered under this Contract except to the extent any penalties applied or interest arising from the Company's negligence. B. In the event of any return of premium becoming due hereunder the Reinsurer shall deduct the applicable percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States Government.

  • Value Added Tax (a) All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Party which (in whole or in part) constitute the consideration for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply, and accordingly, subject to paragraph (c) below, if VAT is chargeable on any supply made by any Finance Party to any Party under a Finance Document, that Party shall pay to the Finance Party (in addition to and at the same time as paying the consideration) an amount equal to the amount of the VAT (and such Finance Party shall promptly provide an appropriate VAT invoice to such Party). (b) If VAT is chargeable on any supply made by any Finance Party (the “Supplier”) to any other Finance Party (the “Recipient”) under a Finance Document, and any Party (the “Relevant Party”) is required by the terms of any Finance Document to pay an amount equal to the consideration for such supply to the Supplier (rather than being required to reimburse the Recipient in respect of that consideration), such Party shall also pay to the Supplier (in addition to and at the same time as paying such amount) an amount equal to the amount of such VAT. The Recipient will promptly pay to the Relevant Party an amount equal to any credit or repayment from the relevant tax authority which it reasonably determines relates to the VAT chargeable on that supply. (c) Where a Finance Document requires any Party to reimburse a Finance Party for any costs or expenses, that Party shall also at the same time pay and indemnify the Finance Party against all VAT incurred by the Finance Party in respect of the costs or expenses to the extent that the Finance Party reasonably determines that neither it nor any other member of any group of which it is a member for VAT purposes is entitled to credit or repayment from the relevant tax authority in respect of the VAT.

  • Customs Clearance 1. The Parties shall apply their respective customsprocedures in a predictable, consistent, and transparentmanner. 2. For prompt customs clearance of goods traded between theParties, each Party shall: (a) endeavor to make use of information and communications technology; (b) simplify its customs procedures; (c) harmonize its customs procedures, as far as possible,with relevant international standards and recommended practices such as those made under the auspices of theCustoms Co-operation Council; and (d) promote cooperation, wherever appropriate, betweenits customs authority and: (i) other national authorities of the Party; (ii) the trading communities of the Party; and (iii) the customs authorities of non- Parties. 3. Each Party shall provide affected parties with easilyaccessible processes of administrative and judicial review ofits administrative actions relating to customs matters.

  • Customs Valuation The Parties shall determine the customs value of goods traded between them in accordance with the provisions of Article VII of GATT 1994 and the Customs Valuation Agreement.