A specific type of import quota that allows a certain quantity of imports at a low tariff rate and subjects imports above that quantity to a very high tariff rate. In the past, imports of leaf tobacco into the United States have been subject to tariff-rate quotas.
an import policy that allows countries to ship specified quantities of a product to the US at a relatively low tariff, but subjects all other imports of that product to a higher tariff
a quota for a volume of imports at a lower tariff
Application of a higher tariff rate to imported goods after a certain quantitative limit (quota) has been reached. A lower tariff rate applies to any imports below the quota amount.
A quota that is determined on the basis of the applicable tariff rate applied to imports. A predetermined amount of a good is allowed to enter at a reduced or zero tariff rate. After the quota has been filled, all subsequent shipments of that good during a specific period of time, such as a calendar year, are assessed a higher import tariff, usually the normal most-favoured-nation tariff.
the quantity of merchandise that can be imported at a reduced tariff per unit time. Any quantity can be imported, but overages are assessed at a higher duty.
A two-leveled tariff where the tariff rate charged depends on the volume of imports. A lower (in-quota) tariff is charged on imports within the quota volume. A higher (over-quota) tariff is charged on imports in excess of the quota volume.
