COLONIALISM AND IMPERIALISM
COLONIALISM AND ITS ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Something you do naturally everyday
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A tax placed on imports
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A tax place on exports
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the classroom
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Detailed explanation-1: -Definition: Customs Duty is a tax imposed on imports and exports of goods. Description: The rates of customs duties are either specific or on ad valorem basis, that is, it is based on the value of goods.
Detailed explanation-2: -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-3: -What Is a Duty? The term “duty” refers to a form of taxation levied on certain goods, services, or other transactions. People and corporations may be required to pay levies on imports and exports by governments in the form of customs duties and other taxes.
Detailed explanation-4: -(also import levy); (import tariff) a tax placed on goods coming into one country from another: impose/raise/reduce import duties on sth The country has raised import duties on consumer goods.