Answer:
The Tariff can be called the custom duty tax. This tax is levied on customers when they have been crossed the good from the national boundaries.
Step-by-step explanation:
The words called custom, duty is used with tariff services. The tariff is laid on people because to save the domestic product or to raise the revenue. The tariff is firstly used to protect the product and then maybe to yield the revenue.
The domestic products bear tariffs if the goods are equal to the tariff or the foreign brands bear the tariff if the tariff is equal to the products. Then the duty will be equal and beneficial for both services.
The tariff has been classified into three categories such as:
- The transit duty
- The export duties
- The import duties.