What type of tax is typically assessed on foreign goods brought into a country?

Customs duties are taxes imposed on goods brought into a country from abroad. This type of tax is designed to generate revenue for the government while also protecting domestic industries by making imported goods more expensive. By levying customs duties, governments can control the volume and types of goods entering the market, thus supporting local producers and managing trade balance.

Capital gains tax relates to the profit made from the sale of assets, such as stocks or real estate, and is not applicable to imported goods. Value Added Tax (VAT) is typically assessed on domestic consumption and sales rather than directly on the importation of goods. Deposit Interest Retention Tax pertains to interest earned on savings deposits and has no relevance to the importation of foreign goods. Therefore, customs duties are the correct choice for taxes specifically related to foreign imports.