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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A 50-60% ad valorem duty has been imposed on import of different vehicles falling in the sports utility or luxury vehicle category with engine capacity of greater than 1,800cc.
They also insisted EU practices suggested the specific tax - and not the ad valorem duty - should be increased when modifying the excise to base state revenues on the amount of cigarettes sold and not on their market price.
His topics include reliefs from import duty, valuation--valuing the goods for customs ad valorem duty, accounting for import duty and import VAT, remission of import duty and import VAT, recovery of VAT "cross border," transactions within the European Union--supplies of services, and best practice and planning.
9% ad valorem duty on imports of Chinese chamois leather, a Council regulation dated 3 December and published in the Official Journal of the EU on 6 December stated.
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.
Petrol and diesel driven vehicles having length exceeding four meters and engine capacity of over 1,200 cc and 1,500 cc respectively will now be charged with an ad valorem duty of 27 per cent instead of the earlier 22 per cent and a fixed duty of Rs 15,000.
05) for snuff, homogenised or reconstituted tobacco; and a 20% ad valorem duty for tobacco extracts and essences.
However in September the given decision has been revised: the commission recommended returning ad valorem duty in the volume of 5%.