customs

customs definition - business

customs

  1. Duties paid on imported goods.
  2. Location where federal agents inspect baggage and goods being brought into the country.
  3. The federal agency responsible for collecting duties and inspecting imported goods.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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