Ad valorem duty

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Also found in: Financial, Acronyms.
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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References in periodicals archive ?
The anticipated aggregate impacts of export quotas and ad valorem tariffs are shown in Figure 1.
A nation levies an import tariff as an ad valorem tariff on the landed cost of a product--that is, levies on a product's landed CIF basis (Cost, Insurance and Freight) at a port of entry.
It has been suggested to us that the purpose of the Confederate Constitution's tariff clause was to establish a uniform, ad valorem tariff rate for all imports, thereby blunting rent-seeking incentives.
Would it make sense to use an ad valorem tariff rather than a specific one?