👉 Costage is a legal term in the context of international trade. It refers to a fee imposed by the government on imported goods, which is paid to the importer or seller upon receipt of the goods. This fee is usually applied for the purpose of covering the costs associated with importing the goods into the country. The exact amount of costage can vary depending on factors such as the value of the imported goods, the customs duties and taxes imposed by the exporting country, and any other charges that may be
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