What does NTC mean in COMMISSIONS
The National Tariff Commission (NTC) is a Pakistani government agency that was established in the year 2000 to protect and promote local industry and to ensure fair trade practices. It is responsible for formulating and imposing tariffs on imported goods and services, as well as recommending changes to customs regulations.
NTC meaning in Commissions in Miscellaneous
NTC mostly used in an acronym Commissions in Category Miscellaneous that means National Tariff Commission
Shorthand: NTC,
Full Form: National Tariff Commission
For more information of "National Tariff Commission", see the section below.
Essential Questions and Answers on National Tariff Commission in "MISCELLANEOUS»COMMISSIONS"
What is the purpose of the NTC?
The purpose of the NTC is to protect and promote local industry, while ensuring fair trade practices by formulating and imposing tariffs on imported goods and services, as well as recommending changes to customs regulations.
Where is the NTC located?
The National Tariff Commission is located in Islamabad, Pakistan.
When was the National Tariff Commission established?
The National Tariff Commission was established in 2000.
What types of duties does the NTC handle?
The National Tariff Commission handles tariffs on imports for both goods and services, as well as making recommended changes to customs regulations.
Who are the members of the NTC?
Members of the National Tariff Commission are appointed by the Prime Minister with approval from the Council of Common Interests. These individuals are usually experts in economic affairs or international trade-related matters.
Final Words:
The National Tariff Commission plays an important role in ensuring fairness in international trade practices, while protecting domestic industries within Pakistan. By forming its own internal regulatory structure through tariffs imposed on imports, it ensures that its local producers are not affected by unfair competition in global markets.
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