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Customs
(redirected from Custom duty)

    Also found in: Wikipedia 0.06 sec.

CUSTOMS. This term is usually applied to those taxes which are payable upon goods and merchandise imported or exported. Story, Const. Sec. 949; Bac. Ab. Smuggling.
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Further trade liberalization through the cut in peak custom duty (from 20% to 15%) for non-agricultural products is desirable, as it will improve the efficiency of the Indian industry in the medium term.
Fitch: India's Budget Misses the Boat on Fiscal Consolidation by Business Wire
As a competitive maintenance Shop, MTU Maintenance Zhuhai will further attract engine operators as it can provide many advantages: short transportation time, low custom duty, simplified custom procedures and payment in RMB instead of foreign currency.
MTU Maintenance Zhuhai Receives 50th Engine Shop Visit; China ... by Business Wire
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