Customs Tariff

A customs tariff is a tax imposed by a government on goods imported into a country. Its purpose is to generate revenue and protect domestic industries by making imported products more expensive, which can encourage consumers to buy locally produced items. Tariffs are set at specific rates and vary depending on the type of goods. They are an important tool in international trade, influencing trade flow and economic policy. When goods cross borders, customs authorities assess and collect these tariffs before allowing the products to be sold within the country.