What is Customs Duty De Minimis Value?

What is Customs Duty De Minimis Value?

Customs Duty, also known as Import Duty, is a government-imposed tax commonly found in various countries in the world. It is a fee commonly charged when cross-border eCommerce shipping happens. Taxing shipments that come from foreign countries are usually done by the government to

  • Protect, support, and prioritize local businesses from international competitors,
  • Control supply and demand of specific products
  • Increase local revenue

Learn more click this link https://zhenhub.com/blog/customs-duty-de-minimis-values-by-country-2020/.

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