Port levies after review taking in pounds (7)
I believe the answer is:
seville
'port' is the definition.
(I have seen 'Spanish port ' mean 'seville' so perhaps 'port' could also mean 'seville')
'levies after review taking in pounds' is the wordplay.
'after review' indicates an anagram (letters reviewed or revised).
'taking in' indicates putting letters inside.
'pounds' becomes 'l' (L can represent the monetary pound).
'levies' with letters rearranged gives 'sevile'.
'sevile' enclosing 'l' is 'SEVILLE'.
(Other definitions for seville that I've seen before include "Spanish city associated with oranges" , "Spanish tourist centre" , "Spanish city; orange type" , "Whence Rossini's barber" , "city taken by Moors" .)