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customs duty

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson 0.06 sec.
customs duty: see tariff tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic
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The first is a system that acts as a protective tariff or customs duty, which taxes goods imported from other states, but does not tax similar products produced in-state; see West Lynn Creamery, Inc.
And countries will be on the lookout to collect on those fines, to make up for federal revenues lost because of the lower income taxes, as well the loss of customs duty and excise levies.
Oman has exempted all Palestinian products from customs duty, the Oct.
 
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