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custom duty

 

Definitions from the Web

Term: Custom Duty

Definition: Custom duty refers to a tax imposed by a government on goods that are imported or exported across international borders. It is also known as import duty, export duty, or tariff.

Senses and Usages:

Sense 1:

Part of Speech: Noun

Definition: The tax imposed on goods when they are imported into a country.

Example Sentence: The custom duty on luxury cars is quite high in this country.

Sense 2:

Part of Speech: Noun

Definition: The tax imposed on goods when they are exported from a country.

Example Sentence: The custom duty on agricultural products helps protect local farmers.

Sense 3:

Part of Speech: Noun

Definition: A type of tax or duty imposed on goods that are of a certain type or class.

Example Sentence: The custom duty on electronics has been reduced to encourage foreign investment.

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