term levy compensatory help what is
Meaning of compensatory levy. What is it: to a country on a temporary basis, to be used and then.

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Definition compensatory levy

COMPENSATORY LEVY title: compensatory levy (SLL) (SAP Library - Glossary)
COMPENSATORY LEVY category: Global Trade Services (SLL)
COMPENSATORY LEVY explained:

Special import duty applied in the EU.

A commodity imported to a country on a temporary basis, to be used and then returned (such as a piece of machinery), is subject to a compensatory levy.

A compensatory levy is a percentage of the standard import duty rate if the commodity were being imported on a permanent basis. Compensatory levies apply if the commodity would be dutiable if imported on a permanent basis.

There are compensatory levies for exports from the EU to Turkey.

More terms such as compensatory levy in Dictionary C.

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