What are duties in the context of a tariff?
A tariff defines the duty rate for imported goods. Duties are the actual fees charged when an item is imported, calculated using the tariff rate, the product’s HS code, and the declared customs value.
A tariff defines the duty rate for imported goods. Duties are the actual fees charged when an item is imported, calculated using the tariff rate, the product’s HS code, and the declared customs value.