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What is “duty paid value”?

duty paid value
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What is “duty paid value”?

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Many taxes are assessed on the value of the product after the customs duty has been determined and applied. Thus, if the customs value of the product is US$100 and the customs duty is assessed at 10%, the duty paid would be $10. The duty paid value would be the original customs value ($100) plus the duty paid ($10), or $110.

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