Import duty is tax collected on imports and some exports by a country's customs authorities to raise state revenues. Its primary purpose is to generate revenue for the. Import duty is a tax imposed by a country’s government on goods and services imported into the country.
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Union budget 2026 customs act 1962:
These duties play a pivotal role in international trade and have significant.
Import duty is a tax that governments charge on goods brought into their country from abroad. Import duties, often simply referred to as “tariffs,” are taxes levied on goods that are imported into a country. Understand what customs duty is, its types like bcd and cvd, and how it impacts india's trade and domestic manufacturing. Import duty is a type of tax levied on the import and specific exports of a nation's customs authorities.
Essentially, import duties are taxes levied by customs authorities on goods brought into the country from international sources.
