Wondering what is export duty? Export duty is the tax levied when a country exports goods to another country. It is a percentage of the total value of goods and this percentage depends on various factors like the type of goods, size, weight, etc. The government imposes these charges for the benefit of domestic establishments.
It is essential to note that with the implementation of the Goods and Services Tax in 2017, export duty was replaced by the Goods and Services Tax (GST).