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.
Oops! Something went wrong while submitting the form.
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.
Talk to an Expert
