customs duties are?

Assessment: WAEC SSCE - Commerce - 1990 (Objective) Subject: Commerce

Question 1 Report

customs duties are?
Answer Details
Customs duties are taxes levied by a government on goods that are being imported or exported across international borders. These duties are usually based on the value of the goods or the weight, size, or quantity of the goods being imported or exported. Customs duties are typically imposed as a way for governments to generate revenue, protect domestic industries, or regulate trade. Import tariffs are a type of customs duty that is charged on goods being imported into a country.

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