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Simple English definitions for legal terms

tariff engineering

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A quick definition of tariff engineering:

Tariff engineering is when companies change the way their products are made to pay less tax when importing them into a country. It's legal and involves making changes to the materials or structure of a product so that it qualifies for lower taxes. For example, a company might break up a product into smaller parts to avoid paying higher taxes.

A more thorough explanation:

Definition: Tariff engineering is a legal strategy used to reduce the amount of tariff paid on imported goods. It involves designing a product in a way that makes it eligible for a more favorable tariff treatment. This can be achieved by changing the product's characteristics, such as its raw materials or structure, or by breaking it up into smaller values to qualify for tariff exemption or lower taxation.

Examples:

  • A company that imports shoes from another country may change the materials used to make the shoes to reduce the tariff paid on them.
  • A manufacturer of electronic devices may break up a shipment of products into smaller values to qualify for tariff exemption or lower taxation.

These examples illustrate how companies can use tariff engineering to legally reduce the amount of tariff paid on imported goods. By making strategic changes to the product's characteristics, companies can take advantage of more favorable tariff treatment and save money on import costs.

tariff | Tax

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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