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International Trade & Logistics Terminology

Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.

Import Duty

Import duties are levied on imported goods, including customs duties, value-added tax, and specific consumption taxes. The Import Duty rate depends on the goods' HS code and country of origin. Proper use of free trade agreements and certificates of origin can reduce the burden of import duties. For e-commerce companies, transparently displaying duty responsibilities (DDP or DAP) can improve the customer experience.

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