Question

Meaning of difference between import and export duty

Answer 1

Explanation:

Import is when a company buys goods from another country, with an aim of reselling it in the domestic market. Export is when a company provides goods and services to the other countries for selling purposes. To meet the demand for goods which are not available in the domestic country.

Answer 2

Answer:

Export means sending goods to another country.

Ex :- India exports many spices to different countries.

Import means receiving a good from another country.

Ex :- This is imported from South Korean.

Explanation:

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