Concept information
Preferred term
ad valorem duties
Definition
- Ad valorem duties are duties that are a fixed percentage of the price of the imported good. While conceptually straightforward, the administration of ad valorem duties may be complex, reflecting the practical difficulties in establishing the value of imported goods. [Source: Encyclopedia of Business in Today's World; Ad Valorem Duties]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/ad_valorem_duties
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