ad valorem definition

ad valorem

Method for charging a duty, fee, or tax according to the value of goods and services, instead of by a fixed rate, or by weight or quantity. Latin for, [according] to the value.

ad valorem is in the Accounting & Auditing, Customs Documentation & Procedures, International Trade & Relations and Purchasing & Procurement subjects.

ad valorem appears in the definitions of the following terms: assessed value, compound duty rate, customs duty, export credit guarantee and ad valorem tax

ad valorem appears in these other terms: ad valorem tariff, ad valorem equivalent (AVE)

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