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 duty and import tariff.
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11 years, 5 months ago by Switchkick |
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9 years, 5 months ago |
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