Results for tag: "Customs Duty"

Customs Duty is a tax imposed on goods imported into a country. It is a form of protectionism, designed to protect domestic industries from foreign competition. Customs Duty is typically calculated as a percentage of the value of the goods being imported. It is usually collected by the government of the importing country, and is paid by the importer. Customs Duty is an important part of international trade, as it helps to ensure that countries are able to protect their domestic industries. It also helps to ensure that countries are able to collect revenue from imported goods. Companies in the Customs Duty market include customs brokers, freight forwarders, and logistics providers. These companies provide services such as customs clearance, freight forwarding, and customs compliance. They also provide advice and assistance to importers and exporters on customs regulations and procedures. Show Less Read more