Category: Customs & compliance

Customs Duty

Also known as: Import Duty

Definition

A tax levied on imported goods, calculated from their customs value, HS classification, and origin.

Customs duty is a government charge on imports (and occasionally exports), usually a percentage of the customs value but sometimes a specific amount per unit. The rate comes from the tariff schedule for the goods’ HS code and may vary by country of origin.

Duty is collected at clearance and, with import VAT or sales tax, forms the landed-cost component beyond freight. Preferential origin under a trade agreement can reduce or remove it, which is why the certificate of origin matters.

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