Price Control Measures Including Additional Taxes and Charges
(Tiada terjemahan di dalam Bahasa Malaysia)
BACKGROUND
Measures implemented to control or affect the prices of imported goods in order to, inter alia,: support the domestic price of certain products when the import prices of these goods are lower; establish the domestic price of certain products because of price fluctuation in domestic markets, or price instability in a foreign market; or to increase or preserve tax revenue.
SCOPE
This category also includes measures, other than tariffs measures, that increase the cost of imports in a similar manner, i.e. by fixed percentage or by a fixed amount: they are also known as para-tariff measures.
It is divided into 8 categories:
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Administrative measures affecting customs value
-Setting of import prices by the authorities of the importing country by taking into account the domestic prices of the producer or consumer: it could take the form of establishing floor and ceiling price limits; or reverting to determined international market values. There may be different price setting, such as minimum import prices or prices set according to a reference.
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Voluntary export price restraints (VEPRs)
-An arrangement in which the exporter agrees to keep the price of his goods above a certain level
-Taxes or levies aimed at bringing the market prices of imported products in line with the prices of corresponding domestic products. Primary commodities may be charged per total weight, while charges on processed foodstuffs can be levied in proportion to the primary product contents in the final product.
-An ad hoc tax levied solely on imported products in addition to customs tariff to raise fiscal revenues or to protect domestic industries.
-Duties applicable at certain times of the year, usually in connection with agricultural products
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Additional taxes and charges levied in connection to services provided by the Government
-Additional charges, which are levied on imported goods in addition to customs duties and surcharges and which have no internal equivalents
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Internal taxes and charges levied on imports
-Taxes levied on imports that have domestic equivalents
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Decreed Customs Valuations
-Value of goods determined by a decree for the purpose of imposition of customs duties and other charges: this practice is presented as a means to avoid fraud or to protect domestic industry. The decreed value de facto transforms an ad-valorem duty into a specific duty.
LIST OF MEASURES
Information on measures implemented will be updated later.