Customs Duty
Category: Customs
Definition (plain English)
An import charge calculated from the goods classification, customs value, origin, and any applicable tariff or trade-measure rules.
Why it matters commercially
Duty changes true landed cost and margin; a small rate error can make an approved sell price unprofitable or trigger post-entry reassessments.
Example
A buyer priced a product at 4% duty, then broker classification confirmed 12%, cutting planned margin below the launch threshold.
Common mistake
Applying one duty percentage to the supplier invoice value without checking customs value basis, freight inclusion, origin preference, or trade-remedy measures.
Use this in CommerceKit
Landed Cost
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