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Duties and Taxes
Customs/Import Duties are imposed on some goods that are imported or moved across a political boundary. Import duties are imposed with the aim of raising revenues and protect local producers/markets in the country of destination.
The system has been assigned by the World Customs Organisation and continues to evolve.
Dutiable goods are given a classification code that is known as the Harmonised System Code.
The Harmonised System Code is used to calculate the duties and taxes payable.
Duties and Taxes are calculated as a percentage of the customs value of the goods.
This isa handy online Customs toolkit. TAS facilitates import and export shipment research with databases updated daily to keep you informed of frequently changing trade protocols.
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