Have you ever asked yourself “what are duty rates and why are they important”, well I am going to tell you the most important elements you need to know about duty rates.
Duty rates are commodity codes which define how each good is treated and how much duty is payable. The rate of duty is shown as a percentage rate calculated on the value of the goods. This is important to know if you are importing goods from overseas.
If you are unfamiliar with how to find duty rates, you can look up by the HTS
Have you ever asked yourself “what are duty rates and why are they important”, well I am going to tell you the most important elements you need to know about duty rates.
Duty rates are commodity codes which define how each good is treated and how much duty is payable. The rate of duty is shown as a percentage rate calculated on the value of the goods. This is important to know if you are importing goods from overseas.
If you are unfamiliar with how to find duty rates, you can look up by the HTS
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