Tariffs
Report
The 5 per cent tariff on four-wheel-drive vehicles
A customs duty anomaly that has periodically attracted interest is the 5 per cent tariff on imported four- wheel-drive vehicles (4WDs) compared to a 15 per cent tariff on imported passenger motor vehicles (PMVs). The tariff rate differential exists because there is no tariff classification that deals specifically with 4WDs. This Research Note examines the...