What is VAT (Value Added Tax) A kind of utilization tax which is placed on a product just as the cost added to the production level and final sale. Read More
What is (Excise Tax) A domestic tax excised on the production, sale or utilizing a product inside a country which is able to refund once the product is exported. Read More
What is (Free Port) An area which is usually a port and its suburb which products can be imported duty-free or subject to a low cost tariffs. Read More
What is GATT (General Agreement on Tariffs and Trade) The General Agreements on Tariffs and Trade is a multilateral trade deal among authorities, including obligations and rights. The rules set out in the Arrangement develop a code which … Read More
What is DDU (Delivered Duty Unpaid) This indicates the evolution of "door-to-door" courier contracts or carriage where the customer pays the destination customs duty and taxes (if any). Read More