Dictionary - Definition of AD VALOREM DUTY


Part of Speech	Definition
Expression	1. A duty which is graded according to the cost, or market value, of the article taxed.[Websters].
Source: Webster's Revised Unabridged Dictionary (1913)		Top

Common Expressions: AD VALOREM DUTY

Expressions	Definition
Ad valorem duty	A duty which is graded according to the cost, or market value, of the article taxed. Source: Webster's Revised Unabridged Dictionary.
Source: compiled by the editor from various references; see credits.		Top

Expressions	Domain	Definition
Ad valorem duty	Agriculture	A tariff expressed as a fixed percentage of the value of the imported commodity or product. Generally, by contrast, a specific duty is applied as a charge on each unit or specified quantity of an imported item (i.e., $5 per ton). (references)
Ad Valorem Duty	Economics	Duty calculated on the basis of value (usually a percentage of the value.). (references)
Ad valorem duty	Finance	1: A customs duty based on the value of the goods. Such duty is a fixed percentage of the foreign or domestic valuation of imported goods It is used in contradistinction to specific duty. Source: European Union. (references)
		2: Custom duties calculated as a percentage of the value of goods clearing customs; e. g. percent ad valorem means percent of the value. Source: European Union. (references)
Source: compiled by the editor from various references; see credits.			Top