Import taxes can also be referred to as customs duties, tariffs, or excise taxes. These terms all refer to the fees or taxes levied on goods and products imported into a country from abroad. Customs duties and tariffs are typically based on the value of the imported goods, while excise taxes are often imposed on specific products that are deemed to be harmful to public health or the environment. Regardless of the terminology used, import taxes are a key aspect of international trade and can have a significant impact on the competitiveness of a given product or industry. It is essential for businesses engaged in international trade to be aware of the various synonyms for import taxes to ensure compliance with local regulations and avoid unexpected costs.