{"@context":"https://schema.org","@type":"DefinedTerm","name":"ad valorem duty","description":"Unlike a specific duty charged per unit of quantity, an ad valorem duty is levied as a fixed percentage of the declared customs value of the goods. A 10 % rate on goods valued at USD 1,000 yields USD 100 in duty; the same rate on a USD 5,000 shipment produces USD 500. Ad valorem duties are the most widely used tariff form in world trade precisely because they scale automatically with product quality and price – no separate rate schedule is needed for premium and economy variants of the same prod","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/ad-valorem-duty-2","inLanguage":"en","dateModified":"2026-06-26T13:59:10.488044","citation":"https://www.wcoomd.org/en/topics/nomenclature/overview/what-is-the-harmonized-system.aspx","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/ad-valorem-duty-2","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"ad valorem duty · Unlike a specific duty charged per unit of quantity, an ad valorem duty is levied as a fixed percentage of the declared customs value of the goods. · Quelle: https://www.wcoomd.org/en/topics/nomenclature/overview/what-is-the-harmonized-system.aspx"}