Ad Valorem Duty

Ad valorem refers to a duty or charge in customs or transport that is calculated as a percentage of the value of the goods or shipment.

A tariff assessed as a percentage of the value of the goods (the value for duty) rather than a fixed amount.

The party designated to calculate, declare, and pay duties and charges (such as customs duties, taxes, and levies) related to a shipment or transport ...

A governmental levy imposed by customs authorities on goods brought into a country. It is payable at the border by the importer and serves to protect ...

An import charge assessed on goods brought into a country, typically including customs duties, import value-added tax, and other import-related fees.

An excise duty is an indirect tax applied to the consumption of specific goods, such as alcohol, tobacco, and petroleum products, typically collected ...