FinLexicon Term Details

Customs Duty

Pronunciation: kus-tuhmz dyoo-tee

Customs Duty is a tax imposed by a government on goods that are imported into, and in some cases exported from, a country.

Category: Taxation Difficulty: Moderate 2 min read Premium Term

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Customs Duty is a tax imposed by a government on goods that are imported into, and in some cases exported from, a country.

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