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Definition of

import duty

International Trade

tax on imported products a tax on goods imported into a country. Although it may simply be a measure for raising revenue, it can also be used to protect domestic manufacturers from overseas competition.

Definitions of ’import duty’ and meaning of ’import duty’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’import duty’ and other financial terms with our online QFINANCE Financial Dictionary.

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