Import Duty

Import duty is a tax that is imposed on the import of goods into a country. Import duty is typically calculated as a percentage of the value of the goods and is collected by the customs authorities at the time of import. Continue Reading Below

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About Import Duty

Import duty is a tax that is imposed on the import of goods into a country. Import duty is typically calculated as a percentage of the value of the goods and is collected by the customs authorities at the time of import. Import duty is used to protect domestic industries, raise revenue, and regulate the flow of goods into the country.