Duty Suspension
/ˈdjuːti səˈspɛnʃən/
Definitions
- (n.) A temporary removal or postponement of duty or tax imposed on imported goods, often to encourage trade or relieve domestic industry.
The government announced a duty suspension on steel imports to protect the local market.
- (n.) The act of pausing enforcement of a customs duty as authorized by law or regulation.
A duty suspension may be granted during trade negotiations.
Forms
- duty suspension
- duty suspensions
Related terms
See also
Commentary
Duty suspension typically involves official administrative action and differs from permanent duty exemption; clear drafting should specify duration and conditions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.