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What is customs duty?

Updated: 11/3/2022
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Wiki User

12y ago

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Import or export duty, a tax, if you live in America and buy an electrical good here in Europe you could make a saving as they might waiver a purchase tax for their country as you are taking it outside their tax area, the downside of such a deal is the plugs that are affixed to the equipment might not be compatible with US electricity supplies so your saving could be blown away by having to buy Transformers to make it work.

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12y ago
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8y ago

It is a tax on goods imported or exported.

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