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The tax imposed on import and export of commodity is known as

  1. A
    Customs Duties
  2. B
    Excise Duties
  3. C
    VAT
  4. D
    GST

Solution & Step-by-step Explanation

Customs duty is a variant of indirect tax levied on goods and commodities when they are transported across international borders (imported into or exported out of a country) to regulate trade and protect domestic industries.

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The tax imposed on import and export of commodity is known as
A
Customs Duties
B
Excise Duties
C
VAT
D
GST

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