What is a customs dutycustoms duty is a tariff or tax imposed on goods when transported across international borders the purpose of customs duty is to protect each country's economy, residents, jobs, environment, etc, by controlling the flow of goods, especially restrictive and prohibited goods, into and out of the country. Definition of duty: in its use in jurisprudence, this word is the correlative of right thus,wherever there exists a right in any person, there also rests a corresponding duty upon some other person or upon all persons generally.
Import duty is a tax collected on imports and some exports by a country's customs authorities it is usually based on the imported good's value depending on the context, import duty may also be. What is duty in its use in jurisprudence , this word is the correlative of right thus,wherever there exists a right in any person, there also rests a corresponding duty upon some other person or upon all persons generally.
In economics, a duty is a kind of tax levied by a state it is often associated with customs, in which context they are also known as tariffs or dues the term is often used to describe a tax on certain items purchased abroad.
A duty is a federal tax on imports or exports for example, americans who travel abroad can bring back a certain number of dollars' worth of items without paying a duty. A duty often applies to what a person performs in fulfillment of the permanent dictates of conscience, piety, right, or law: one's duty to tell the truth a parent's duty to raise children properly. Definition of customs duty: a tax levied on imports (and, sometimes, on exports) by the customs authorities of a country to raise state revenue, and/or to protect domestic industries from more efficient or predatory competitors.
In the corporate context, duty can refer to the fiduciary duty that the chief executive officer of a company holds with regard to the company's shareholders this means that any course of action the ceo takes should be in the best interests of the shareholders. Duty, obligation refer to what one feels bound to do duty is what one performs, or avoids doing, in fulfillment of the permanent dictates of conscience, piety, right, or law: duty to one's country one's duty to tell the truth, to raise children properly.
It is the duty of a judge to finish the day's work within that day judicis est judicare secundum allegata et probata it is the duty of a judge to decide according to the allegations and proofs.
Duty a legal obligation that entails mandatory conduct or performance with respect to the laws relating to customs duties, a tax owed to the government for the import or export.