Online Encyclopedia

ABATEMENT IN COMMERCE

Online Encyclopedia
Originally appearing in Volume V01, Page 7 of the 1911 Encyclopedia Britannica.
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ABATEMENT IN COMMERCE  is a deduction sometimes made at a custom-house from the fixed duties on certain kinds of goods, on account of damage or loss sustained in warehouses . The
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rate and conditions of such deductions are regulated, in England, by the Customs Consolidation Act 1853 .

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