Terms used in central excise such as Additional Customs Duty ,Average Daily Traffic,Automated Highway Systems etc

 

The terms used in central excise such as Additional Customs Duty ,Average Daily Traffic,Automated Highway Systems etc

 

 

This post explains about terms used in central excise such as Average Annual Daily Traffic,Affirmative Action Plan,Alcohol Concentration,American Community Survey,Additional Customs Duty ,Average Daily Traffic,Automated Highway Systems,American Institute of Certified Planner,Analysis of Variance,American Planning Association etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

The terms used in central excise

 

3 C's - Continuing, Comprehensive, Cooperative Planning Process - Federal legislation requires that transportation planning take place in a process that is continuing, comprehensive, and cooperative.

 

AADT - Average Annual Daily Traffic - It is the total volume of vehicle traffic in both directions of a highway or road for a year divided by 365 days. AADT is a useful and simple measurement of how busy the road is. It is also sometimes reported as Average Daily Traffic (ADT).

 

AAMRO - American Association of Medical Review Officers - a nonprofit professional medical organization dedicated to establishing national standards and certification of medical practitioners in the field of drug and alcohol testing.

The terms used in central excise such as Additional Customs Duty ,Average Daily Traffic,Automated Highway Systems etc

AAP - Affirmative Action Plan - a written, detailed, results oriented set of procedures designed to achieve prompt and full utilization of minorities and women at all levels and in all parts of the recipient's work force.

 

AASHTO - American Association of State Highway and Transportation Officials - A nonprofit, nonpartisan association representing highway and transportation departments in the 50 states, the District of Columbia, and Puerto Rico. It represents all five transportation modes: air, highways, public transportation, rail, and water. Its primary goal is to foster the development, operation, and maintenance of an integrated national transportation system.

 

AC - Alcohol Concentration - the concentration of alcohol in a person's blood or breath. When expressed as a percentage it means grams of alcohol per 100 milliliters of blood or grams of alcohol per 210 liters of breath.

 

ACOEM - American College of Occupational and Environmental Medicine - the nation's largest medical society dedicated to promoting the health of workers through preventive medicine, clinical care, research, and education.

 

ACR - Annual Completion Report - A summary of the metropolitan planning organization's (MPO's) work accomplished in the previous fiscal year.

 

ACS - American Community Survey - An ongoing survey of the Census Bureau that provides data every year on the characteristics of the population such as age, race, income, commute time to work, home value, veteran status and other important data. The data is collected by polling approximately 3 million households annually and replaces the "long form" of the decennial census. Data is released in 1 year, 3 year, and 5 year estimates.

 

ADA - American Disabilities Act of 1990 - Signed into law in 1990 the American Disabilities Act of 1990 (ADA) is a Civil Rights Law that affects all aspects of business. The ADA defines the responsibilities of and requirements for transportation providers to make transportation and facilities accessible to individuals with disabilities.

 

Additional Customs Duty (CVD):This duty, commonly referred to as countervailing duty (CVD), is levied on imported goods in terms of section 3 of the Customs Tariff Act, 1975 and is equal to the Central Excise duty leviable on the like goods if produced or manufactured in India. In cases where like article is not so produced or manufactured in India, this duty will be at such rate which is leviable on the class or description of articles to which the imported article belongs. If there is more than one rate of excise duty, then the rate to be applied will be the highest. This duty is calculated on a value base of aggregate of value of the goods including landing charges and basic customs duty. Other duties such as anti-dumping duty, safeguard duty, additional customs duty of 4% etc. are not taken into account.In the case of goods covered by provisions of the Standards of Weights and Measures Act, 1976, the value base would be the retail sale price declared on the package of the goods less the rebate as notified under section 4A of the Central Excise Act, 1944 for such goods. From 01.03.2001, packaged consumer goods are being charged to this duty on the basis of their Maximum Retail Price (MRP) in India and are also required to conform to Bureau of Indian Standards (BIS) quality standards and MRP labeling. In the case of alcoholic liquors, the additional duty at present is chargeable at a uniform rate as specified by the Central Government irrespective of varying rates in force in the States.

 

ADT - Average Daily Traffic - It is the total volume of vehicle traffic in both directions of a highway or road for a year divided by 365 days. ADT is a useful and simple measurement of how busy the road is. It is also sometimes reported as Average Annual Daily Traffic (AADT).

 

AE - Annual Element - A list of annual Transportation Improvement Program (TIP) projects proposed for implementation during a period of up to three years.

 

AFV - Alternative Fueled Vehicle - alternative fuel vehicles (AFVs), as defined by the Energy Policy Act of 1992 (ADA), include any dedicated, flexible-fuel, or dual-fuel vehicle designed to operate on at least one alternative fuel.

 

AGT - Automated Guideway Transit System - A guided transit passenger vehicle operating singly or in multi-car trains with a fully automated system (no crew on transit units). Service may be on a fixed schedule or in response to a passengeractivated call button. Automated guideway transit includes personal rapid transit, group rapid transit and people mover systems.

 

AHAR - Advanced Highway Advisory Radio - provides motorists with the latest, up-to-the-minute reports regarding delays, accidents, weather conditions, and other travel information.

 

AHS - Automated Highway Systems - An automated highway system (AHS) or smart road is an advanced intelligent transportation system (ITS) technology designed to provide for driverless cars on specific rights-of-way (R/W).

 

AIC - Association of Indiana Counties - An organization of Indiana counties that work towards the advancement of county services.

 

AICP - American Institute of Certified Planner - The American Planning Association's (APA) professional institute, providing recognized leadership nationwide in the certification of professional planners, ethics, professional development, planning education, and the standards of planning practices.

 

ALOP - Annual Listing of Obligated Projects - A list of how federal funds were obligated on projects in the previous fiscal year. MPOs and State DOTs are required to develop this list pursuant to SAFETEALU.

 

AMPO - Association of Metropolitan Planning Organizations - A nonprofit, membership organization established in 1994 to serve the needs and interests of Metropolitan Planning Organizations (MPOs) nationwide.

 

ANOVA - Analysis of Variance - Statistical technique used to investigate the components of variation in a multivariate sample.

 

Anti-dumping duty / Safeguard Duty::Anti-dumping duty or Safeguard duty is imposed on import of specified goods with a view to protecting domestic industry from unfair injury. It would not apply to goods imported by a 100% Export Oriented Units (EOU) and units in Free Trade Zone (FTZ) and Special Economic Zone (SEZ). On export of goods, anti-dumping duty is rebatable only by way of a special brand rate of drawback. Safeguard duties do not require the finding of unfair trade practice such as dumping or subsidy on the part of exporting countries but they must not violate the most favoured nation provision, that is, they should not discriminate between imports from different countries. Provisional safeguard duty shall remain in force for a period not exceeding 200 days. Safeguard action is resorted to only if it has been established that a sudden increase in imports has caused or threatens to cause serious injury to the domestic industry. Safeguard action can restrict import of a product for a temporary period by raising the tariffs.

 

APA - American Planning Association - The professional organization for the field of Urban Planning.

 

The above details describes about terms called in central excise such as Average Annual Daily Traffic,Affirmative Action Plan,Alcohol Concentration,American Community Survey,Additional Customs Duty ,Average Daily Traffic,Automated Highway Systems,American Institute of Certified Planner,Analysis of Variance,American Planning Association etc.These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post. Continue reading: Related posts about free online training on export and export trade:

 

 

How to export your product?
How to import your product?
Click here to know HS code of your product
12 Major risks and solutions in Imports and Exports
Bank Pre shipment Finance to exporters
Export Promotion Councils and Commodity Boards, product wise
MEIS scheme for Indian Exporters
Mode of payments in international trade
Offices to contact for Certificate of origin under India MERCOSUR Preferential Trade Agreement
Office to contact for COO under India Malaysia Comprehensive Economic Cooperation Agreement
How does a Running bond work?
How does Bill of Lading work in DP payment terms?
How does Bill of Lading work in Sight LC
Transferability of Bill of Lading
Transhipment - A redefinition
Triangular shipment
Types of Insurance Documents
How does CENVAT Credit work?
Import General Manifest (IGM)
Importance of Bill of Lading


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers