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 The tax levied on the import and export of commodities is named as:

 The tax levied on the import and export of commodities is named as:

  • (A) Custom duty
  • (B) Excise duty
  • (C) Value added tax
  • (D) Direct tax
  • The tax levied on the import and export of commodities is named Customs Duty. Also commonly known as Tariffs or Import/Export Duties, these taxes are imposed by government authorities on goods crossing international borders to generate revenue, protect domestic industries, and regulate trade.
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Related MCQs:

 ‘NATO’ is an abbreviation of:

March 18, 2026 No Comments
  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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