Usually, it takes 4-6 weeks for the IRS to process your income tax return. Longer if filed during March and April. The IRS has 3 years from the due date to audit you.Usually, after about 2 years after filing, you may get an audit letter.onger if filed during March and April. The IRS has 3 years from the due date to audit you. Usually, after about 2 years after filing, you may get an audit letter.
the legally bound commitments on customs duty rates, which act as ceilings on the tariffs that member governments can set and are known as bound rates, with. the rates that governments actually charge on imports, which can be lower, are known as applied rates and have a direct impact on trade.
If one WTO member raises applied tariffs above their bound level, other WTO members can take the country to dispute settlement. If the country did not reduced applied tariffs below their bound levels, other countries could request âcompensationâ in the form of higher tariffs of their own. In other words, the applied tariff is less than or equal to the bound tariff in practice for any particular product. The gap between the bound and applied MFN rates is called the binding overhang.. Trade economists argue that a large binding overhang makes a country's trade policies less predictable.