customs duty Antonyms
No Synonyms and anytonyms found
Meaning of customs duty
Wordnet
customs duty (n)
money collected under a tariff
customs duty Sentence Examples
- The customs duty on imported cars can significantly increase their price.
- Importers must pay customs duty on goods brought into the country from abroad.
- The government imposes customs duty to protect domestic industries from foreign competition.
- The customs duty rate varies depending on the type and value of the imported goods.
- Customs duty is calculated as a percentage of the declared value of the goods.
- The customs duty on luxury items is often higher than on everyday products.
- Smugglers attempt to avoid paying customs duty by bringing goods into the country illegally.
- Customs duty revenue contributes to government funds and public services.
- Importers often factor customs duty into the cost of their products when pricing them for the local market.
- The customs duty rate is subject to change based on trade agreements and government policies.
FAQs About the word customs duty
money collected under a tariff
No synonyms found.
No antonyms found.
The customs duty on imported cars can significantly increase their price.
Importers must pay customs duty on goods brought into the country from abroad.
The government imposes customs duty to protect domestic industries from foreign competition.
The customs duty rate varies depending on the type and value of the imported goods.
