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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Ad valorem duty structure has translated into a bigger reduction in daily prices in the national capital.
The Office of US Trade Representative announced on July 10th a proposed 10% ad valorem duty on a subset of products imported from China, inclusive of various furniture and lighting product categories.
Pakistan may consider adopting an ad valorem duty structure to maintain and gradually increase excise duty collection instead of a specific duty structure followed by developed countries like the US, Canada and Australia.
Pakistan may consider adopting an ad valorem duty structure to maintain and gradually increase its FED collection instead of a 'specific' duty structure followed by developed countries like USA, Canada, and Australia etc.
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.
Under the Harmonized Tariff Schedule of the United States ("HTSUS"), by being classified as apparel, the football pants carry a 14.9% ad valorem duty, the football jerseys carry a 32% ad valorem duty, and the football girdles carry a 10.5% ad valorem duty (Riddell).
The European Union will maintain a 58.9% 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.