Definicja compensatory levy

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.