customs duty

Border crossing levy

Customs duty is a tax levied on goods when they cross international borders, typically collected by government authorities at ports of entry.

The rate depends on the type of merchandise and its declared value.

Importers pay customs duties before receiving their shipments: The customs duty on that wine added thirty percent to the cost.

taxation

revenue

Business income total

GST · sales tax · consumption tax · fiscal policy · levy · imposition · taxpayer · regressive tax · collection · treasury

trade

import

Obtain from overseas

cargo · logistics · broker · consignment · transit · compliance · documentation · invoice · quota · antidumping

border

checkpoint

Inspection station on route

visa · quarantine · contraband · smuggling · enforcement · agents · crossing · frontier · entry · border patrol

tariff

levy

Compulsory government charge

nomenclature · most-favored-nation · escalation · trade agreement · concession · preferential · drawback · assessment · surcharge

Categories
Opposites
trade barrier vs. trade freedom

customs dutyfree trade

Unrestricted international exchange

duty-free · free trade zone · duty-free zone · open borders · free port

import taxation vs. export incentive

customs dutydrawback

Unfavorable feature or flaw

tax rebate

type of tax/levy

customs dutysales tax

Government percentage on purchases

internal revenue · income tax · value-added tax · property tax · excise tax

Family

duty, custom, customs, customary, duties, accustomed, accustom, unaccustomed, customarily

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Rated G