write an easy on the role of customs duty in international trade
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Answer:
Explanation:Customs duties (or tariffs) could impact your income and could even make importation or exportation monetarily unfeasible. In any case, it might well be that no customs duty is payable or that a lesser obligation is exacted or even that you may acquire a discount (or refund) of the customs duty paid. Sadly, customers regularly confer grave mistakes in figuring out which customs duty is pertinent to their items. Figuring out which customs duty is pertinent to an item is an unpredictable exercise and master exhortation ought to be looked for.
Customs duty is not however just about figuring out what tax is applicable to an item. It might even be utilized to deliberately position your business. An exhaustive information of customs duty will demonstrate to you that there are different approaches to assert a discount (likewise referred to as refund or disadvantage) on the duty you pay for your imports. Such learning could, in this way, be utilized to position your business as an exporter for instance.
Answer:
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Explanation:
Customs duties (or tariffs) could impact your income and could even make importation or exportation monetarily unfeasible. ... Customs duty is not however just about figuring out what tax is applicable to an item. It might even be utilized to deliberately position your business.
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