customs

(redirected from Custom duty)
Also found in: Dictionary, Thesaurus, Legal, Financial.

customs

1. duty on imports or exports
2. the government department responsible for the collection of these duties
3. the part of a port, airport, frontier station, etc., where baggage and freight are examined for dutiable goods and contraband
4. the procedure for examining baggage and freight, paying duty, etc.
5. (as modifier): customs officer

customs

A government organization responsible for levying taxes against imported and exported items that exceed duty-free allowances. Customs staff is required to be available at every international airport.
References in periodicals archive ?
Homegrown smartphone maker Micromax is also happy with the government's decision to hike custom duty.
Even in China, where they are on the verge of achieving self-sufficiency for medical devices, the custom duty has been brought down from 4.
Prices for the end users can be controlled if the government reduces custom duty to uniform level on two categories, uncoated and coated paper and board, besides using strict custom clearing mode to check imports on misquoting", he said.
As such, import of weapons beyond the limit of five weapons shall not be eligible for custom duty exemption.
b) Reduction of custom duty from 16 to 5 percent on surgical gown and bandage
Chairman committee expressed annoyance over audit officials and said that 'you could not submit any audit on any report' adding that more than 50pc mobiles without custom duty were being smuggled in the country.
The custom duty collected in previous fiscal year was Rs 8077.
The export is not taking place due to high custom duty.
Its key parts and components will be exempted from custom duty.
ISLAMABAD -- Minister for Finance and Revenue, Senator Ishaq Dar on Friday proposed reduction in rate of custom duty to import machinery for dairy, livestock and poultry sectors from 5 percent to 2 percent.
He said that one percent additional custom duty will be imposed on the imported items.
Islamabad -- The people have been deprived of the subsidy on sugar like petroleum when government has imposed 20-30% custom duty on the former import as sugar price goes up.