Customs Duty

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Definition: Customs Duty

Customs Duty
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Full Definition of Customs Duty

A tax or fee imposed on imports or exports to or from a country. These taxes may be put in place to generate additional tax revenue for the nation, or to protect domestic industries or businesses from external competition, or to limit the use of certain products by citizens of the nation.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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https://payrollheaven.com/define/customs-duty/
Modern Language Association (MLA):
Customs Duty. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/customs-duty/.
Chicago Manual of Style (CMS):
Customs Duty. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/customs-duty/ (accessed: April 20, 2024).
American Psychological Association (APA):
Customs Duty. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/customs-duty/

Definition Sources

Definitions for Customs Duty are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.