The words tariff and duty are used interchangeably to refer to a tax levied by governments on the value of imported goods. The tariff, along with other assessments such as freight and insurance, are collected at the point of customs clearance.
The words tariff and duty are used interchangeably to refer to a tax levied by governments on the value of imported goods. The tariff, along with other assessments such as freight and insurance, are collected at the point of customs clearance.