About import duties(import tax)
Customs import duty is levied on imported goods or goods of tariff. Customs import duties are the most important one. As tariffs on countries in the world they use this tax, so often referred international customs duties or international agreements, international tariff negotiations under the tariff, generally refers to the import tax. Import duties, can increase the cost of imported goods, reducing its market in the importing country's competitiveness, protect the importing country of goods production and economic development. Thus, competition in international trade, import duty has been recognized as an important and means of protection. On the one hand it is capable of regulating the domestic market demand, adjust the market price and increase state revenue and so on. On the other hand it can also become barriers, hindering the development of international trade, and to make their enterprise products to be protected dependence, lack of international market development and competitiveness.
Since the purpose of levying import duties and the role can be divided into a variety of names import tariffs. For example, the protective tariff, fiscal tariffs, tariff agreements, state tariffs, preferential tariffs, reciprocal tariffs, retaliatory tariffs, anti-dumping tariffs, anti-subsidies tariffs. If the standard divided by import duties, there are compound tariffs, tariff options, sliding tariffs, the difference tariffs, customs duties and other taxes balance method. In addition to import duties are specified in the tariff tax, sometimes the imposition of import surcharges.
Calculation of import duty:
Import duty is calculated as: duty-paid import tax = price × import duties
Import duty is calculated as: duty-paid import tax = price × import duties
