export duty

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Definitions from WordNet

Noun export duty has 1 sense

export duty - a duty imposed on exports
--₁ is a kind of duty, tariff

Definitions from the Web

Export Duty

Description:

An export duty refers to a tax imposed by a government on goods or commodities that are being exported to other countries. It is usually a percentage of the value or a fixed amount per unit of the exported item, and it is collected at the border or port of departure.

Sample Sentences:

The government levied a high export duty on luxury cars to protect the domestic automobile industry.
The increased export duty on tobacco products has led to a decline in their overseas sales.
Importers will have to bear the additional cost of export duties while bringing in goods from countries with such levies.

Related Products:

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