Ad valorem duties are based on the

Ad valorem duties are based on the

  • A.
    importance of the goods imported
  • B.
    value of the goods imported
  • C.
    weight of the goods imported
  • D.
    nature of the goods imported
Correct Answer: Option B
Explanation

Ad valorem duty; means according to the value. Import duties or taxes expressed as a percentage of value.

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