Compound Duty
A tariff that combines both an ad valorem rate (percentage) and a specific rate (fixed amount per unit).
Frequently Asked Questions
What is Compound Duty?
A tariff that combines both an ad valorem rate (percentage) and a specific rate (fixed amount per unit).
Why is compound duty important for US importers?
Understanding compound duty is essential for importers to correctly classify goods, calculate duties, and maintain compliance with US Customs and Border Protection (CBP) regulations.