CD - Customs Duty: This is a tax levied on goods when they are imported into a particular country. The rate of customs duty varies depending on the type of goods and the country of import.
SD - Supplementary Duty: Also known as additional duty or excise duty, this is an extra tax imposed on certain goods over and above the basic customs duty. It's often used as a tool to protect domestic industries or to generate revenue for the government.
VAT - Value Added Tax: VAT is a consumption tax added to the value of goods and services at each stage of production or distribution. It's based on the increase in value of the product or service at each stage of the supply chain. VAT is ultimately borne by the end consumer.
AIT - Advance Income Tax: This refers to a tax collected in advance on certain transactions or income. It's typically deducted or collected at the time of payment, and it's often adjusted against the total income tax liability of the taxpayer at the end of the financial year.
AT - Advance Tax: Similar to AIT, advance tax is paid in advance of the actual tax liability arising at the end of the financial year. It's paid periodically throughout the year based on estimates of income.
RD - Regulatory Duty: This is a duty imposed by the government on specific imported goods for various reasons, such as protecting domestic industries, controlling the influx of certain goods, or generating revenue.
EXD - Excise Duty: Excise duty is a tax levied on the production, sale, or consumption of certain goods within a country. It's often applied to goods like alcohol, tobacco, and petroleum products.
TTI - Turnover Tax and Tariff Index: Turnover tax is a tax on the gross sales of a business. Tariff index may refer to an index used to measure changes in tariffs over time, or it could be a reference to the tariff classification system used to categorize goods for customs purpose
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