DUTIABLE Meaning and
Definition
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Dutiable is an adjective used to describe goods or items that are subject to customs duties or import taxes upon entering a country's borders. This term indicates that specific goods are liable to be assessed with duties, which are charges imposed by governments as a means to regulate trade and generate revenue. Dutiable items can include various types of merchandise, such as electronics, textiles, furniture, vehicles, or any other product that may be imported.
When goods are deemed dutiable, it means that the importing country requires the payment of duties based on the value, quantity, or weight of the imported goods. The amount of duty imposed can vary depending on the country, the type of goods, and the applicable tariff rates. Governments impose customs duties to control imports, protect domestic industries, and regulate the flow of goods into the country. These duties can serve as a form of government revenue or as a mechanism to prevent unfair competition from foreign products.
It is crucial for importers and exporters to be aware of the dutiable status of their goods, as failure to declare dutiable items accurately can result in penalties, fines, or even legal consequences. Customs authorities and border control agents are responsible for assessing the dutiability of goods and ensuring compliance with all applicable customs regulations and laws.
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In commerce, liable to duty or duties.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
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Etymology of DUTIABLE
The word "dutiable" is derived from the noun "duty", which traces back to the Middle English word "duete", meaning "obligation" or "service". This Middle English term was borrowed from the Anglo-French word "duete", and ultimately stems from the Latin word "debĭtus", meaning "owed" or "due". Over time, "duete" transformed into "duty", which refers to a moral or legal obligation to perform certain actions or responsibilities. The suffix "-able" is added to "duty" to form "dutiable", indicating that something is subject to duty or can be charged with a tax or fee.
Similar spelling words for DUTIABLE
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