Double Column Tariff Explained

[cite] Back to: ACCOUNTING & TAXATION What is a Double Column Tariff? A Double Column Tariff is a tariff system which has two different duty rates for a particular product. Here, the import tax on the product depends on the country of its origin. The rate is...

Duty Free Zones Explained

[cite] Back to: ACCOUNTING & TAXATION What is a Duty Free Zone? The Duty Free zone is an area where products are sold without the import, sales, value-added or other taxes. These products are sold to the international travelers with an understanding that they will...