TaxTMI 
TaxTMI 
What is merit rate of duty which finds mention in TRU D.O.letter relating to excise `budget proposals?Has this been defined any where?
merit rate of duty
26 Mar 2012 
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Merit rate of duty denotes the effective excise rate for goods, used administratively though not statutorily defined.
The merit rate of duty denotes the effective excise rate applicable to particular goods and is a colloquial administrative term without statutory definition; it appears in TRU budget-related correspondence to indicate the operative duty level considered for policy proposals, while exemption notifications typically specify relief without employing the phrase "merit rate." (AI Summary)
The merit rate of duty denotes the effective excise rate applicable to particular goods and is a colloquial administrative term without statutory definition; it appears in TRU budget-related correspondence to indicate the operative duty level considered for policy proposals, while exemption notifications typically specify relief without employing the phrase "merit rate." (AI Summary)