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Answer:
Customs Duty is a tariff or tax imposed on goods when transported across international borders. The purpose of Customs Duty is to protect each country's economy, residents, jobs, environment, etc., by controlling the flow of goods, especially restrictive and prohibited goods, into and out of the country.
The customs department of a country is responsible for the following:
- Collection of trade tariffs
- They are in control of the movement of goods into a country and out of it.
The customs department is a federal department in every country that has been vested with the power to carry out customs valuation.
They are also responsible for collecting import taxes and export taxes. They help to check the flow of goods into the nation. If the items are contraband, they are seized at the customs.
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