Ad Valorem Tariff

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Ad Valorem Tariff

A tax on an import calculated as a percentage of the value of the import. This contrasts with tariffs on the weight, size, or quantity of the import. Like all tariffs, ad valorem tariffs are controversial, with opponents arguing that they are economically inefficient. See also: Ad Valorem Tax.
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The deadlines for application are as follows: June 3?July 5 Deadline for application for exclusion from tariffs imposed in retaliation for the first $34 billion and the subsequent $16 billion of imports from China (corresponding in amount to the total of USTR List 1 and List 2) subject to ad valorem duties in the United States
Determine the ad valorem duties both federal and provincial.
On February 26, 2009, a tribunal found that four Canadian provinces had violated the Agreement in calculating 2007 quotas; the United States rejected the Canadian offer of compensation, and on April 15, 2009, the United States began collecting 10% ad valorem duties from the four provinces to compensate for the 2007 breach.
As the Council refused total standardisation of rates during the introduction of provisions on tobacco taxation in 1993, the current framework only sets out a common structure (definitions of products and methods of taxation, specific duties and ad valorem duties) for duties on tobacco products, as well as setting minimum rates, above which member states are free to set their own national rates at levels which they believe correspond with the national context.
Ad valorem duties protected each island's domestic market from the other.
A fact sheet released by USTR states that USTR will propose 25 percent ad valorem duties on certain products of China, with an annual trade value commensurate with the harm caused to the U.S.
On February 26, 2009, a tribunal found that four Canadian provinces had violated the Agreement in calculating 2007 quotas; the United States rejected the Canadian offer of compensation, and on April 15, the United States began collecting 10% ad valorem duties from the four provinces to compensate for the 2007 breach.
But the six-member ITC recommended on December 7 that President Bush adopt additional ad valorem duties ranging from 8 to 40%, quotas, and tariff-based quotas up to 20%.