ad valorem tariff

ad valorem tariff definition - business

ad valorem tariff

A customs duty whose size is based on the value of the goods being brought into the country. For example, a tariff is calculated as 10% of the value of merchandise being imported. Compare specific tariff.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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