A tax imposed by a country on imported goods, based on product type, value, and country of origin. Customs duties are used to protect domestic industries and generate government revenue. The rate varies depending on the product’s HS code and where it was manufactured. Also commonly referred to as “duty” or “import duty.”
Indirect taxes on the sale or use of specific products such as alcohol, tobacco, energy products, and electricity. These duties are used to discourage consumption of certain goods, generate government revenue, and address public health or environmental concerns.
A mandatory financial charge imposed by governments on goods, services, or transactions. In international shipping, common types of taxes include Value-Added Tax (VAT), customs duty, and excise duties on specific products like alcohol or tobacco.