Glossary
Specific Duty
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A tax or duty charged on specific types of goods imported or exported.
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What is a Specific Duty?
A specific duty is a tax or tariff imposed by a government on imported goods that are deemed to be of a specific type or from a specific country. The purpose of a specific duty is to protect domestic industries from foreign competition and to generate revenue for the government. Specific duties are typically based on the weight, quantity, or value of the imported goods.
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