Glossary

Specific Duty

Tags: Glossary

A tax or duty charged on specific types of goods imported or exported.

Ready to get started?

Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

What is a Specific Duty?

A specific duty is a tax or tariff imposed by a government on imported goods that are deemed to be of a specific type or from a specific country. The purpose of a specific duty is to protect domestic industries from foreign competition and to generate revenue for the government. Specific duties are typically based on the weight, quantity, or value of the imported goods. 

Related Glossary terms

Share the Article