Import Duties | Shipping Term Explained | Logistics Glossary
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GLOSSARY

Import duties

The import duties represent the different taxes imposed on the imported goods.

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What does an import duty mean?

Every country collects tax on imported and exported goods, and the customs authorities are collecting a customs duty tax on these goods. The amount one has to pay will depend on the type of goods that are entering or exiting a country, their value and other factors. The term import duty can be used interchangeably with customs duty, import tariff or import tax.

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