Glossary_W

 Glossary of Tax and Trade Terms

W.A.: With Average. A marine insurance term meaning that shipment is protected from partial damage whenever the damage exceeds 3%(or some other percentage).

warehouse means any place appointed or licensed under section 12 or section 13; [Pakistan Customs Act, 1969]

warehouse receipt: Areceipt issued by a warehouse, which lists the goods deposited there.

warehousing station means a place declared as a warehousing station under section 11; [Pakistan Customs Act, 1969]

wharefage: A charge assessed by a pier or dock owner against the cargo or steamship company for use of the pier or dock.

wharf means any place in customs-port approved under clause (b) of section 10 for the loading and unloading of goods or any class of goods [Pakistan Customs Act, 1969]

wholesaler includes a dealer and means any person who carries on, whether regularly or otherwise, the business of buying and selling goods by wholesale or of supplying or distributing goods, directly or indirectly, by wholesale for cash or deferred payment or for commission or other valuable consideration or stores such goods belonging to others as an agent for the purpose of sale; and includes a person supplying taxable goods to a person who deducts income tax at source under the Income Tax Ordinance, 2001 (XLIX of 2001) [The Sales Tax Act, 1990]