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Ad Valorem Duty

shipping container at sea
Definition

ad valorem duty refers to a type of import duty or tax that is calculated based on the value of the goods being imported. It is typically expressed as a percentage of the goods' declared value and is levied by the customs authorities of a country. Ad valorem duties are designed to generate revenue for the government and are applied to various goods entering a country, contributing to the overall cost of importing and affecting the pricing and profitability of goods in international trade.

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Ad Valorem Duty

Definition

ad valorem duty refers to a type of import duty or tax that is calculated based on the value of the goods being imported. It is typically expressed as a percentage of the goods' declared value and is levied by the customs authorities of a country. Ad valorem duties are designed to generate revenue for the government and are applied to various goods entering a country, contributing to the overall cost of importing and affecting the pricing and profitability of goods in international trade.

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Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.
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Shipping container at seaShipping container at sea