What is BONIFICATION? Definition of BONIFICATION in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
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. 16, 18 S.Ct. 219, 42 L. Ed. 644.
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That's the definition of BONIFICATION in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
