A tax assessed by a government on goods as they enter (or leave) a country. May be imposed to protect domestic industry and/or to generate revenue. Types include ad valorem, specific, variable, or some combination.
« Back to Glossary IndexA tax assessed by a government on goods as they enter (or leave) a country. May be imposed to protect domestic industry and/or to generate revenue. Types include ad valorem, specific, variable, or some combination.
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