import duty (Meaning)
Wordnet
import duty (n)
a duty imposed on imports
Synonyms & Antonyms of import duty
No Synonyms and anytonyms found
import duty Sentence Examples
- The government imposed a hefty import duty on foreign goods to protect domestic industries.
- The import duty on electronic items has been increased to curb excessive imports.
- The World Trade Organization (WTO) aims to reduce import duties and foster international trade.
- The high import duty made the imported goods prohibitively expensive for consumers.
- The domestic manufacturing sector benefits from import duties by encouraging local production.
- The import duty policy can be used as a tool to protect infant industries or promote specific economic sectors.
- The government waived the import duty on essential goods during times of crisis to ensure availability.
- Illegal smuggling attempts are often motivated by avoiding hefty import duties.
- Import duties can impact the competitiveness of domestic and foreign businesses.
- The import duty rates for different products are determined by their classification and economic significance.
FAQs About the word import duty
a duty imposed on imports
No synonyms found.
No antonyms found.
The government imposed a hefty import duty on foreign goods to protect domestic industries.
The import duty on electronic items has been increased to curb excessive imports.
The World Trade Organization (WTO) aims to reduce import duties and foster international trade.
The high import duty made the imported goods prohibitively expensive for consumers.
