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  • Trade Glossary
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Bkargo enabling tradeBkargo enabling trade

Customs Duty

Customs Duty: A tax imposed on imported goods and services. The duty is calculated based on their value, weight, dimensions, or other criteria. It generates revenue for the government and regulates trade.

Examples:

  • Electronics: laptops, smartphones
  • Clothing: textiles, apparel
  • Vehicles: cars, motorcycles
  • Food: fruits, dairy products
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