Customs and Import Duty Payment
type: Class
preferred label: Import Tariff Payment
alternative label: Border Tax Payment
alternative label: Customs Levy Payment
alternative label: Customs Tax Payment
alternative label: Customs and Import Duties
alternative label: Import Duty Payment
alternative label: Import Surcharge Payment
subclass of: R9L4OY7QCBEVJpav2Da6Gef
definition: Customs and Import Duty Payment refers to taxes, stamp duties, and surcharges levied exclusively on imported products. This includes specific levies on agricultural imports in European Union member countries and payments under the Monetary Compensation Accounts (MCA) system. Customs duties collected by EU member states on behalf of the European Union are also reported under this heading. These taxes are distinct from general goods and services taxes or excises that apply to both imported and domestically produced goods.