Customs Duties
/ˈkʌstəmz ˈdjuːtiz/
Definitions
- (n.) Taxes imposed by a government on goods imported into or exported from a country.
The company paid customs duties on the shipment of electronics it imported.
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Commentary
Customs duties are typically calculated based on the value, weight, or quantity of goods and are a common subject in international trade law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.