Business / Agriculture / Countervailing Duty: A charge levied on an imported article to offset the unfair price advantage it holds due to a subsidy paid to producers or exporters by the government of the exporting country. Section 303 of the Tariff Act of 1930, as amended, provides for an assessment equal to the amount of the subsidy, in addition to other duties and fees normally paid on the imported article. Countervailing duties are permitted under Article 6 of the GATT.
Duty Adjective Synonyms: responsibility, obligation, burden, onus, devoir, office, work, task, assignment, job, stint, chore, occupation, calling, function, role, part, bit, charge
Duty Noun Synonyms: respect, deference, loyalty, fealty, fidelity, faithfulness, allegiance
Business / Agriculture / Import Duty: A customs duty is a charge assessed by a government on an imported item at its point of customs entry into the country, and paid for by the importer: the term is now used interchangeably with tariff. MORE
Business / Human Resources (HR) / Fitness For Duty: A document provided by a medical practitioner following a post-offer medical examination containing information used by the employer to determine a candidate’s ability to perform the functions of a MORE