Customs Duty in a sentence

A trader may also evade duty by misrepresenting traded goods, categorizing goods as items which attract lower customs duties. the Evasion of customs duty may take place with or without the collaboration of customs officials.

According to Ejibunu, the suspects were arrested with fake Customs valuation stamps, fake Customs Duty Chart Book on vehicles, amongst other clearing documents.

Recently, the Nigeria Customs Service began a raid on car marts across the federation; they alleged that about 90% of cars in the country are without certified customs duty.

A 2% customs rate has been established for this commodity group compared to the previous zero customs duty.

After the form is completed, customers should take the form to HM Customs at the Port Purcell office for the payment of any Customs duty, if applicable.

Customs officers did not accept the Bird as a work of art and assessed customs duty on its import as an industrial item.

Evasion of customs duty main Evasion of customs duties takes place mainly in two ways.

The board has waived the 5 per cent regulatory duty on onion imports and reduced customs duty on potato imports from 25 per cent to 15 per cent, the tax authority said in a statement on Thursday, Xinhua news agency reported.

Duty rate Customs duty rates may be expressed as a percentage of value or dollars and cents per unit.

The visit comes amid reports that India is looking at giving customs duty concessions to Tesla for setting up a plant in the country.

Additionally, the Centre for the Promotion of Private Enterprise has echoed lawmakers' call to the CBN and the federal government to peg customs duty exchange rates to N1000/$.

Nirmala Sitharaman announced a major reduction in customs duty on cancer medicines and mobile phones.

Of particular interest to the father of the current head of state was the Shannon Free Zone, where goods can be imported, stored, and re-exported without being subject to customs duty and are used to promote growth.

Union Finance Minister Nirmala Sitharaman proposes customs duty cuts in 2024 Union Budget to boost domestic manufacturing and exports.

Batting for solar power project developers, the Union power ministry will seek exemption of the upcoming basic customs duty (BCD) to be levied on the import of solar cells and panels.

Customs duty was never waived, Zimra told the tax court.

Other initiatives including simplifying Customs Duty and related streamlining will facilitate functional economic improvements.

Since gold already attracts a 12.5% basic customs duty, and any move to raise it further to discourage imports is fraught with risks of higher smuggling.

Soon, she realised that she was getting charged more as customs duty than for the product itself.

A notification of the finance ministry said that implementation of increased customs duty has been postponed from April 1, 2019 to May 2, this year.