USA HISTORY

THE ROAD TO REVOLUTION 1700 1774

BOSTON MASSACRE DECLARATORY TOWNSHEND ACTS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
taxes placed on imported goods and collected at the border of a country
A
Massacre
B
Harbor
C
Propaganda
D
Bias
E
Customs
Explanation: 

Detailed explanation-1: -Import duty is a tax collected on imports and some exports by a country’s customs authorities. A good’s value will usually dictate the import duty. Depending on the context, import duty may also be known as a customs duty, tariff, import tax or import tariff.

Detailed explanation-2: -A tariff or duty (the words are used interchangeably) is a tax levied by governments on the value including freight and insurance of imported products. Different tariffs applied on different products by different countries.

Detailed explanation-3: -What is Customs Duty? Customs duty, a type of indirect tax, is charged on all imported commodities and some items that are exported outside of the country. Import tariffs and export duties are terms used to describe taxes imposed on the import and export of products, respectively.

Detailed explanation-4: -Basic Customs Duty = 10% Integrated Tax Rate = 18% The taxes will be calculated as follows: Assessable Value = Rs.1000/-Basic Customs Duty = Rs.100/-

There is 1 question to complete.