WAEC Commerce 2013 Objective — Question 39
Question 39 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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A tariff refers to a fees imposed on
- A. contraband goods
- B. fees paid on exports
- C. taxes imposed on imported goodsCorrect
- D. taxes paid on home made goods
Explanation
While tariff is a tax imposed on imported goods, excise duty is tax imposed on exported goods.
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