The transportation of goods across the border of Latvia is controlled by imposing the import duty and export duty (customs duty), as well as other payments envisaged by the customs policy of Latvia. The customs duty is usually included in the cost price of a product.

is duty payable on imported (excise equivalent) goods at the rate determined by the Customs Tariff Schedule.

A tax, duty or tariff levied at the time of import upon goods entering a country. Usually based on the value of the goods (ad valorem), on the physical nature of the goods such as quantity or weight, or on a combination of the value and other factors.

money collected under a tariff

a payment that has to be paid when importing goods into the territory of the European Community

a tariff or tax on the import or export of goods

a tax, analogous to an excise but applied to goods which are imported

Duty levied on the imports of certain goods. Includes excise equivalents (see below).

Duty levied on the imports of certain goods. Cyclically adjusted or structural fiscal balance An estimate of the fiscal balance (e.g., OBERAC) adjusted for short-term fluctuations of actual GDP around the productive potential of the economy. The estimate provides a picture of the underlying trend fiscal position and an indication of the effects of policy decisions. Because it is based on a number of assumptions and is sensitive to new information, the estimate is subject to some uncertainty. Trends in the cyclically adjusted balance are, however, more reliable.

Refer to: Tariff

Amount of tax or tariff applied to an item imported from another country. (droit de douane)

A tax imposed on imported goods.

A tax levied and government collection by custom officials of duties that is imposed by law on imports. Return to Glossary of Terms

An indirect tax that provides protection for EC industry, charged on imported goods. This includes ad valorem duty, agricultural charges and other import charges provided for under CAP. It does not include excise duty or VAT.