Duty may have one of the following meanings, depending the context of the term:

1. a tax imposed on the importation, exportation, or consumption of goods.

2. an obligation of a fiduciary or other person in a responsible position.

U.S. and other Developed Countries International Tax Meaning

Customs duties (sometimes called a tariff) levied on imported products.

See Customs in the American encyclopedia and Customs in the Worldwide encyclopedia.

See Tariff in the United States Encyclopedia and Tariff in the Worldwide Encyclopedia.

Leave a Comment