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Q.

What do you mean by Import duty

Tags: money, import duty, politics & government
Asked by Red label, 17 Nov '12 10:19 am
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Answers (2)

 
1.

A tax collected on imports and some exports by the customs authorities of a country. This tax is used to raise state revenue. It is based on the value of goods called ad valorem duty or the weight, dimensions, or other criteria of the item such as its size. Also referred to as customs duty, tariff, import tax and import tariff.
Answered by RachanaTereDilSe, 17 Nov '12 10:24 am

 
  
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2.

Which is levied in imported goods
Answered by Quest, 17 Nov '12 10:39 am

 
  
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