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

  • Sea Waybill
    Sea Waybill is a transport document for marine shipments serving as evidence of contract ...
  • A/P
    A/P- in international trade documentation, abbreviation for “authority to purchase” ...
  • At-the-money (ATM)
    At-the-money (ATM) is a term that describes an option whose exercise price is the same ...
  • Capital budget
    Capital budget is the list of planned capital expenditures prepared usually annually ...
  • Truth-in-Savings Act
    Truth-in-Savings Act is the law passed by the U.S. Congress in 1991 that requires depository ...