WatchDBX

Watch Glossary

Clear explanations. Better understanding. A deeper appreciation of watches.

Customs Duty

A buying, selling or valuation term used in the watch market: Customs Duty.

WatchDBX illustration explaining Customs Duty

Definition

A buying, selling or valuation term used in the watch market: Customs Duty. The term is important when comparing prices, evaluating a transaction and understanding the rights, risks or expectations of buyers and sellers. Usage can vary by seller, market and jurisdiction, so transaction-specific wording and documentation should take precedence.

Why it matters when buying or selling

The term is important when comparing prices, evaluating a transaction and understanding the rights, risks or expectations of buyers and sellers.