import duty crossword clue – All Crossword Answers

Welcome! If you're looking for solutions to the crossword clue "import duty," you've come to the right place. We provide accurate answers and explanations to help you complete your puzzle with ease.

Solutions for "import duty crossword clue" by Letter Count

3 Letters

TAX: A compulsory contribution to state revenue, often applied to goods like imports.

4 Letters

LEVY: A general term for a tax, fee, or other financial charge imposed by authority.

6 Letters

TARIFF: A tax or duty to be paid on a particular class of imports or exports.

EXCISE: An indirect tax charged on the sale of a particular good or service, which can apply to imports.

More About "import duty crossword clue"

Import duty, also known as customs duty, is a tax collected on imported goods. This duty varies significantly based on the type of product, its country of origin, and international trade agreements. Governments use import duties for several reasons, primarily to generate revenue and to protect domestic industries from foreign competition by making imported goods more expensive.

Understanding the concept of import duty can be helpful not just for crosswords, but also for general knowledge. These duties play a crucial role in global trade and can impact everything from consumer prices to diplomatic relations between countries. When a crossword clue points to "import duty," it's often looking for a direct synonym or a related term that signifies a charge on goods entering a country.

Common answers often include words like TARIFF, which is the most direct and specific term, but also broader terms like TAX or LEVY, depending on the clue's subtlety and the available letters. Occasionally, EXCISE might fit if the context implies a specific type of internal tax also applied at import.

Tips For Your Next Puzzle

For more advice, visit our page on general crossword strategies.

Frequently Asked Questions

What is an import duty?

An import duty is a tax imposed on goods when they are transported across international borders. The purpose of import duty is to raise revenue for the local government and to give a market advantage to locally produced goods.

Why do countries impose import duties?

Countries impose import duties for several reasons: to protect domestic industries from foreign competition, to generate revenue for the government, and sometimes as a tool in trade negotiations or to control the flow of specific goods.

Are import duties the same as tariffs?

Yes, "import duty" and "tariff" are often used interchangeably. A tariff is a specific type of tax levied on imported goods or services. So, all tariffs are import duties, but "import duty" can sometimes encompass broader customs fees too.