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customs duty
B2

a tax imposed on imports and exports of goods.

Meanings

a tax imposed on imports and exports of goods.

The company had to pay a customs duty on the imported electronics.

Synonyms

tariffimport taxexcise

Antonyms

subsidyrebate

a financial charge levied by a government on goods crossing its borders.

Customs duties can affect the price of goods in the local market.

Synonyms

levydutycharge

Antonyms

exemptionrelief

Examples

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Last updated: 2025/01/11 11:51