Business Dictionary :
Dutiable



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Dutiable : adjective : dutiable goods or dutiable items = goods on which a customs duty has to be paid


Duty : noun : tax which has to be paid

  • To take the duty off alcohol


  • To put a duty on cigarettes

    • Ad Valorem Duty = duty calculated on the sales value of the goods


    Customs Duty = tax on goods imported into a country


    Import Duty = tax on goods imported into a country


    Excise Duty = tax on goods (such as alcohol and petrol) which are produced in the country
  • Goods which are liable to duty = goods on which customs or excise tax has to be paid

    • Duty paid goods = goods where the duty has been paid


    Stamp Duty = tax on legal documents (such as the conveyance of a property to a new owner)


    Estate Duty = tax paid on the property left by a dead person


    Death Duty (US) = tax paid on the property left by a dead person


    Duty-Free : adjective & adverb : sold with no duty to be paid
  • He bought a duty-free watch at the airport.


  • He bought the watch duty-free.

    • Duty-Free Shop = shop at an airport or on a ship where goods can be bought without paying duty


    QUOTE : Canadian and European negotiators agreed to a deal under which Canada could lower its import duties on $150 million worth of European goods. (Globe and Mail : Toronto)


    QUOTE : The Department of Customes and Excise collected a total of $ 79 millions under the new advance duty payment scheme. (Business Times : Lagos)













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