Definitions for "Customs Duty"
Keywords:  excise, tariff, valorem, duty, levied
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