Customs duty is a kind of indirect tax which is realized on goods of international trade. In economic sense, it is also a kind of consumption tax. Duties levied by the government in relation to imported items is referred to as import duty. In the same vein, duties realized on export consignments is called export duty. Tariff, which is actually a list of commodities along with the leviable rate (amount) of Customs duty, is popularly understood as Customs duty.
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Famous quotes containing the words customs and/or duty:
“He is a barbarian, and thinks that the customs of his tribe and island are the laws of nature.”
—George Bernard Shaw (1856–1950)
“Here, my dear Lucy, hide these books. Quick, quick! Fling “Peregrine Pickle” under the toilette—throw “Roderick Random” into the closet—put “The Innocent Adultery” into “The Whole Duty of Man”; thrust “Lord Aimworth” under the sofa! cram “Ovid” behind the bolster; there—put “The Man of Feeling” into your pocket. Now for them.”
—Richard Brinsley Sheridan (1751–1816)