JAMB - Commerce (2024 - No. 49)
Tariff can be defined as a compulsory levy on
import and export
foreign exchange earnings
imported goods only
foreigners working in Nigeria
Giải thích
A tariff is a tax or duty imposed by a government on goods that are imported into a country. It is a form of trade barrier that increases the cost of imported products, making them less competitive compared to domestically produced goods. Tariffs are typically levied on specific goods or categories of goods and are collected at the border when the goods enter the country.