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 rate and conditions of such deductions are regulated, in England, by the Customs Consolidation Act 1853. (See also DRAWBACK; REBATE.)
End of Article: ABATEMENT IN COMMERCE
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