Economics · Customs Duty

Customs Duty is fundamentally categorized under which type of tax?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Local municipal tax levied on interstate trade
2Direct tax levied on corporate profits of foreign companies
3Direct tax levied on personal income earned abroad
4Indirect tax levied on the import and export of goods✓

Correct answer

Indirect tax levied on the import and export of goods

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Customs Duty is fundamentally categorized under which type of tax?

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