octroi duty

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Octroi Duty

Octroi duty refers to a local tax imposed on goods entering a specific area or city. It is commonly levied by the municipal corporation or local government.

Sense 1: Tax on Goods

In this sense, octroi duty is a tax imposed on various goods and commodities brought into a particular jurisdiction. This tax is collected at the entry points such as check posts or toll booths.

Sample Sentence: The octroi duty on imported goods has significantly increased the prices in the local market.

Sense 2: Revenue Source

Octroi duty also serves as a significant source of revenue for a local government or municipal corporation. The funds collected from these taxes are utilized for developmental projects and maintaining local infrastructure.

Sample Sentence: The augmentation of octroi duty has provided the local government with additional resources for public services.

Sense 3: Local Level Control

Octroi duty empowers the local administration to regulate the movement of goods entering a specific jurisdiction. It enables the authorities to keep track of the inflow and outflow of commodities and ensure compliance with local regulations.

Sample Sentence: The octroi duty allows the municipality to exercise effective control over the goods entering the city.