GlossaryEN1 min readUpdated: Jun 8, 2026
customs costs
In contrast to duty rates alone, customs costs represent the total financial burden on importers: duties (ad-valorem or specific), import VAT, excise taxes, and administrative processing fees.
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Source: https://en.wikipedia.org/wiki/Customs_duty
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Incoterms 2020 Simulator: Who bears costs & risk?
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In contrast to duty rates alone, customs costs represent the total financial burden on importers: duties (ad-valorem or specific), import VAT, excise taxes, and administrative processing fees. These charges are levied by customs authorities on the importation, exportation, or transit of goods. For freight forwarders and supply chain practitioners, customs costs are a critical cost driver that must be factored into pricing calculations and logistics cost planning.
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