Duty


 

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Duty

Tax. That is, an import duty is a tariff.

Duty

A tax on imports, exports, or consumption goods.



Duty

Similar Matches

Estate duty

Estate duty

A former tax on a deceased person's estate and the forerunner of capital transfer tax which itself has been superseded by inheritance tax.


Duty-free

Duty-free

Without tariff, usually applied to imports on which normally a tariff would be charged, but that for some reason are exempt. Travelers, for example, may be permitted to import a certain amount duty-free.


Duty drawback

Duty drawback

See drawback.


Delivered Duty Unpaid (DDU)

Delivered Duty Unpaid (DDU)

Seller fulfills the contract obligations when the goods have arrived at a named place in the importing country. The seller bears all the costs and risk except for import duties and other customs clearance costs.


Anti-dumping duty

Anti-dumping duty

Tariff levied on dumped imports. The threat of an anti-dumping duty can deter imports, even when it has not been used, and anti-dumping is therefore a form of nontariff barrier.


Further Suggestions

Customs duty
Account Ad Valorem Duty
Countervailing duty
stamp duty
Stamp duty
excise duty
Delivered Duty Paid (DDP)


 
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