bonification of tax

bonification of tax
The remission of taxes, particularly taxes on goods to be exported. United States v Passavant, 169 US 16, 42 L Ed 644, 18 S Ct 219.

Ballentine's law dictionary. . 1998.

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  • bonification — The remission of a tax, particularly on goods intended for export, having the same effect as a bonus or drawback. A device enabling a commodity to be exported and sold in the foreign market as if it had not been taxed. U. S. v. Passavant, 169 U.S …   Black's law dictionary

  • bonification — The remission of a tax, particularly on goods intended for export, having the same effect as a bonus or drawback. A device enabling a commodity to be exported and sold in the foreign market as if it had not been taxed. U. S. v. Passavant, 169 U.S …   Black's law dictionary

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