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.

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.

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.

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 the parties to the Agreement have agreed upon to rule their trading associations.

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).