CIT meaning in Business ?

Answer: What is Court of International Trade mean?

The United States Court of International Trade (case citations: Int'l Trade or Intl. Trade) is a U.S. federal court that adjudicates civil actions arising out of U.S. customs and international trade laws. Seated in New York City, it exercises broad jurisdiction over most trade-related matters, and is permitted to hear and decide cases anywhere in the country, as well as abroad.

The court originates with the Customs Administrative Act of 1890, which established the Board of General Appraisers as a quasi-judicial entity of the U.S. Treasury Department tasked with hearing disputes primarily concerning tariffs and import duties. In 1926, Congress replaced the Board with the U.S. Customs Court, an administrative tribunal with greater judicial functions, which in 1930 was made independent of the Treasury Department. In 1956, the U.S. Customs Court was reconstituted by Congress as an Article III tribunal, giving it the status and privileges of a federal court. The Customs Courts Act of 1980 established the U.S. Court of International Trade in its current form, granting it jurisdiction over all trade matters and conferring its judges with life tenure.

The court's subject matter jurisdiction is limited to particular questions in international trade and customs law, though it may also decide any civil action against the U.S. government, its officers, or its agencies arising out of any law connected to international trade. As an Article III tribunal, the U.S. Court of International Trade can decide controversies in both law and equity, and is thus allowed to grant relief in virtually all means available, including money judgments, writs of mandamus, and preliminary or permanent injunctions.

The U.S. Court of International Trade is composed of nine judges, led by a chief judge, all of whom are appointed by the U.S. president and confirmed by the Senate. Cases are typically heard by just one judge, and the court operates on procedures and protocols drawn heavily from the Federal Rules of Civil Procedure. By statute, no more than five of those can be of the same political party.

reference

Full Form	Category
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Center for Innovative Thinking	Academic & Science
Center for Innovative Teaching	Academic & Science
Campus Intervention Team	Academic & Science
California Institute of Technology	Academic & Science
Chemical Injection for Tree	Academic & Science
Center for Instructional Technologies	Academic & Science
Center for Instructional Technology	Academic & Science
Cebu Institute of Technology	Academic & Science
Coorg Institute of Technology, Kadogu	Academic & Science
Corporate Income Tax	Accounts and Finance
Cash In Transit	Accounts and Finance
Shimkent	Airport Code
Career Institute of Technology	Business
Commercial Investment Trust	Business
Court of International Trade	Business
CIT Group, Inc. (now FDD)	Business
Compagnia Italiana Turismo	Business
Cornell Information Technologies	Business
Cambridge Information Technology	Business
Commissioner of Income Tax	Business
Career In Teaching	Business
Conference of Interpreter Trainers	Community
Conference on Instructional Technologies	Community
Community of Integrity and Transparency	Community
Conference on Instruction and Technology	Community
Campers In Transition	Community
Catholic Intellectual Tradition	Community
Community Investment Trust	Community
Check-In Time	Community
Community Impact Team	Community
Christians In Training	Community
Community Intervention Team	Community
Charge-Rate Indication Teleservice	Computer and Networking
Card Image Tape	Computer Technology
Communication and Information Technology	Computing
Computer Integrated Telephone	Computing
Computing and Information Technology	Computing
Counsellor In Training	Computing
Cobol Intermediate Temporary	Computing
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Center for Irrigation Technology	Computing
Coconino Institute of Technology	Computing
Computer and Information Technology	Computing
Computer Integrated Telephony	Computing
Cable Interface Translator	Computing
Cisco Certified Internetwork Troubleshooting	Computing
Circuit Information Table	Computing
Council on Information Technology	Computing
Cloud Integrity Technology	Computing
Computer Information Technology	Computing
Computer Installation Tutorials	Computing
Computer Information Technologies	Computing
Certificate In Information Technology	Educational Degree
College of Information Technology	Educational Institute
Captain Instrument Tie	General
Captain Instrument Transfer	General
Crisis Intervention Teams	General
Customer Information Terminal	General
Crisis Intervention Training	General
Center for Information Technolgoy	General
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Change Inside Tag	General
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Corrosion Inhibitor Treatment	General
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Compressor Intake Temperature	General
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Custom Inventory Template	General
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Crisis Intervention Team (police)	Governmental
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Center for Information Technology	Governmental
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CHITALI	Indian Railway Station
Chefs In Training	Jobs
Coot In Training	Jobs
Camper In Training	Jobs
Counselor In Training	Jobs
Coach In Training	Jobs
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Conventional Insulin Therapy	Medical
Crisis Intervention Team	Medical
Collagen Induction Therapy	Medical
Cautery to Inferior Turbinate	Medical
Center for Intensive Treatment	Medical
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Chronic Immune Thrombocytopaenia	Medical
Chronic Indomethacin Therapy	Medical
Shimkent, Kazakstan	Regional
Canadian International Trading	Regional
Canadian Income Tax	Regional
Critical Item Tag	Space Science
Canberra Institute of Technology	Technology
Cork Institute of Technology	Technology
Currently Implemented Technology	Technology
Center for Innovative Technology	Technology
Carnegie Institute of Technology	Technology