Minimum import price
Also called: MIP
A form of trade remedy in which duty is due only on the difference between a set minimum price and the declared import price when the latter is lower. It is used in some EU anti-dumping measures and resembles the entry price system for certain agricultural products.
In practice
Under an MIP, invoice price manipulation is a key risk, so customs scrutinises related costs and rebates closely.
EU
TürkiyeRelated terms
- Price undertaking
- A voluntary commitment by an exporter, accepted by the investigating authority, to sell at or above a minimum price instead of paying anti-dumping or…
- Anti-dumping duty
- An additional duty imposed on imports sold at prices below their normal value in the exporting country, when this causes injury to domestic industry.…
- Entry price system
- An EU arrangement for certain fresh fruit and vegetables in which the duty depends on the declared entry price of each consignment compared with…