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Tax charged on goods entering a country, based on their classified value.
Import duty is assessed on the customs value of goods — usually the CIF figure — at a rate determined by the tariff classification of the item. Excise, VAT and levies are then calculated on top.
Classification is where the money is. The same product under two plausible tariff codes can attract materially different duty, which is why codes should be confirmed before ordering rather than argued at the port.
Duty = Customs value (CIF) × Applicable tariff rate
VAT and other levies are then applied to the duty-inclusive value.
Also called
Logistics & Trade runs on this vocabulary every day in AWRA OpsHub — 23 of our 257 glossary terms describe things the platform actually does.