Definition

Ad Valorem Duty

Duty assessed as a percentage rate of the value of the imported merchandise is called Ad Valorem Duty.

Share it:  Cite

More from this Section

  • CKD
    CKD— “Completely knocked down”— international trade term for components shipped ...
  • Networking
    Networking is the sharing of facilities for the movement of funds and financial information ...
  • Target zones
    Target zones— implicit boundaries established by central banks on exchange rates. ...
  • Automatic transfer service (ATS)
    Automatic transfer service (ATS) account is a depositor's saving account from which funds ...
  • Covenant
    Covenant is a definite provision in a loan contract. ...