Tea Act of 1773.

TARIFF on tea; HISTORY of foreign trade regulation; TEA trade; COLONIAL United States, ca. 1600-1775; INTERNATIONAL trade; TRADING companies -- Law & legislation; ADMINISTRATION of British colonies; EXPORT controls; EXPORT duties on tea; DUTY-free transit; COMMERCIAL policy; BRITISH history, 1714-1837; HISTORY

The article presents the text of Great Britain's Tea Act of 1773. The purpose of the act is to allow the drawback of duties on the export of tea exported to British colonies in America. The act granted a license to the East India Company to export duty-free tea. Details of the sale of tea to the highest bidder in a public sale are provided, including the requirement that a deposit be made to the East India Company. Penalties and fees to be applied to a forfeited deposit are described. The authority of the commissioner of the British royal treasury is established for granting licenses for the sale and export of tea. Guidelines for keeping record of the export of duty-free tea are included in the act.