Role of Customs and Duties
Understanding the Role of Customs and Duties in Import-Export
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Introduction International trade drives economies, contributing around $32 trillion in global trade value in 2022. It connects nations, fuels innovation, and creates opportunities. But smooth trade is not automatic. Customs and Duties in Import-Export regulate the movement of goods. They ensure fair competition, protect industries, and generate government revenue. For instance, India collected over ₹2 […]
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