Ad valorem duty


Also found in: Financial.
Related to Ad valorem duty: Specific duty, Ad Valorem Tariff
a duty which is graded according to the cost, or market value, of the article taxed. See Ad valorem.

See also: Duty

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The customs duty on imported chicken is 5% ad valorem duty.
Petrol and diesel driven vehicles having length exceeding four metres and engine capacity of over 1,200 cc and 1,500 cc respectively attract an ad valorem duty of 27 per cent and a fixed duty of ` 15,000.
05) for snuff, homogenised or reconstituted tobacco; and a 20% ad valorem duty for tobacco extracts and essences.