Tariffs
Tariff Evasion
Illegal practices to avoid full or partial tariff payment, such as undervaluation, misclassification, or smuggling.
Illegal practices to avoid full or partial tariff payment, such as undervaluation, misclassification, or smuggling.
Tariff evasion includes practices like declaring lower values, using tariff codes with lower rates, triangulating goods origin, or importing through ports with less surveillance.
Customs Undervaluation
The illegal practice of declaring customs value below the actual price to reduce duties. A serious infraction with fines of 130-150% of omitted duties, seizure, and possible criminal liability.
CustomsSmuggling
The illegal introduction or extraction of goods from national territory without paying applicable taxes or complying with non-tariff regulations and restrictions.
CustomsCustoms Penalty
A financial sanction imposed by customs authorities for non-compliance with foreign trade regulations and customs law.
TariffsTariff Classification
The process of assigning the correct tariff code to a product within a country's tariff schedule, determining applicable duties and regulations.