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import duty

 

Definitions from WordNet

Noun import duty has 1 sense
  1. import duty - a duty imposed on imports
    --1 is a kind of
    duty, tariff

Definitions from the Web

Import Duty

Definition: Import duty refers to the tax or tariff imposed on goods imported into a country, usually by the government, as a way to protect domestic industries, regulate trade, or generate revenue. Example Sentences:
  1. The import duty on luxury cars has significantly increased this year.
  2. Before finalizing your purchase, consider the import duty that might be levied on the imported goods.
  3. The government announced a reduction in import duties on electronic devices to encourage more foreign investments.

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