Customs duty is a charge levied by a government on goods that are imported into or exported out of a country. It’s essentially a tax collected by the customs authorities at the border, and contributes to government revenue.
Customs duty varies widely depending on the goods and the country involved. It’s typically based on the value, quantity, or weight of the goods.
The amount of customs duty also depends on what kind of goods they are and where they’re coming from or going to.
Customs duty serves as a key income stream for governments and has a crucial role in overseeing global trade and safeguarding local industries.
