Ad Valorem Tariff

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Related to Ad valorem duty: Specific duty, Ad Valorem Tariff

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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He has worked incessantly for us all and humbly and gratefully we present him with our ad valorem duty.
Thus, Council Regulation No 673/2005, the EU imposed a 15 percent additional ad valorem duty on specified U.
The import of up to 10,900 tonnes of "baby beef" per year from Croatia and Bosnia and Herzegovina into the European Community will be subject to 20% of the ad valorem duty and 20% of the duty laid down in the Common Customs Tariff; import of baby beef products from Albania and Kosovo will still be subject to a tariff.
6% ad valorem duty and also to a specific amount ofa1,200 per tonne net weight.
imposed a 19 percent ad valorem duty on all imports of such products except from Canada and Mexico, to decrease to 15 percent for the second year, and then to decline to 11 percent for the third year.
On Customs Union, Hungary has won a transitional arrangement over four years for the import of aluminium, with progressive implementation of a decreasing import quota and an increasing ad valorem duty.
Ad valorem duty on vegetables and fruits (duty charged as a percentage of the good's value) will go, but specific duties (which demand a fixed sum per unit) remain in force.