Import duties in Philippines

A vital part of the Philippines’ trade laws and economic structure, import tariffs serve to safeguard local businesses, provide income, and control the flow of products into the market. The Customs Modernization and Tariff Act (CMTA) is the main law governing these levies, which serve the government’s economic objectives while guaranteeing adherence to global trade […]

Import duties in Pakistan

The Cost, Insurance, and Freight (CIF) value of the cargo is used to determine the import tariffs that are applied to items that are carried into Pakistan. The kind of commodities, their categorization, and their intended purpose all affect the regular tariff rates. The Harmonized System (HS) Code is used in Pakistan to categorize goods […]

Import duties in Oman

The main way that Oman imposes import charges is as tariffs on items that are carried into the nation; they are determined by the Cost, Insurance, and Freight (CIF) value. Because of the nation’s dedication to upholding an open trade policy, the tariffs are comparatively modest when compared to international norms. The majority of commodities […]

Import duties in North Korea

Import taxes in North Korea are enforced as part of the nation’s centralized trade policies, which are designed to reduce and manage reliance on imported commodities. Since state firms directly oversee a large portion of the nation’s commerce, these levies are only applicable to a limited range of items. Luxury and non-essential products are subject […]

Import duties in Nepal

The Customs Act of 2007 and its later changes, as well as the Customs Tariff Schedule, direct Nepal’s import tax framework. These guidelines are in accordance with the Harmonized System (HS) Code, which is a generally utilized classification scheme for products. The objectives of Nepal’s levy strategies are to safeguard local enterprises, empower homegrown creation, […]

Import duties in Myanmar

Myanmar’s import tariff system is intended to control commerce and bring in money for the government. Myanmar calculates the tariff rates on imported products using the Harmonized method (HS) Code, an international categorization method for commodities. Myanmar integrates international standards into its commercial policy as a member of ASEAN and the World commercial Organization (WTO). […]

Import duties in Mongolia

The Customs Law of Mongolia covers the regulation of import tariffs in Mongolia and its subordinate legislation to global trade agreements and practices. When joining the World trading Organization (WTO) in 1997, Mongolia became a member of this organization and respects its regulations in favor of free and non-discriminatory trade. The country imposes tariff rates […]