what is duty? Write its types.
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Types of Custom Duty
Custom duty can be classified into the following types: Basic Customs Duty: This duty is imposed on the value of goods at a specified rate as it is fixed on an ad-valorem basis. After being amended time and again, it is currently regulated by the Customs Tariff Act, 1975.
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Answer:
responsibility
Explain:
a task or action that a person should do is known as duty
Ex: basic customs duty, countervailing duty, additional customs duty or special, protective duty
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