https://www.taxtmi.com/article/detailed?id=13619 Tariffs are government duties on cross border goods implemented through classification and rate schedules, including ad valorem, specific and compound duties, and remedial measures such as anti dumping and countervailing duties. They are deployed to raise revenue, protect domestic industries and respond to unfair trade practices; their application changes relative prices, affects customs valuation and classification, and produces economic effects-higher consumer prices, potential inflation when applied to inputs, distorted market signals, and risks of trade retaliation and supply chain disruption. en-us Sat, 22 Feb 2025 08:50:10 +0530 Sat, 22 Feb 2025 08:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13619 Tariffs are government duties on cross border goods implemented through classification and rate schedules, including ad valorem, specific and compound duties, and remedial measures such as anti dumping and countervailing duties. They are deployed to raise revenue, protect domestic industries and respond to unfair trade practices; their application changes relative prices, affects customs valuation and classification, and produces economic effects-higher consumer prices, potential inflation when applied to inputs, distorted market signals, and risks of trade retaliation and supply chain disruption. Articles Customs - Import - Export - SEZ Sat, 22 Feb 2025 08:50:10 +0530 https://www.taxtmi.com/article/detailed?id=13619