Customs Duty (Noun)
Meaning
Money collected under a tariff.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The imported goods were subject to a high customs duty, making them more expensive for the consumer.
- The customs duty on the shipment was paid in full before it was cleared through customs.
- The country imposed a customs duty on foreign textiles to protect its domestic industry.
- The company had to pay a significant amount in customs duty on the imported machinery.
- The customs duty revenue generated by the government was substantial and contributed to its overall tax base.