ad valorem duty

ad valorem duty
A customs duty calculated according to value of the import. 21 Am J2d Cust D § 82.

Ballentine's law dictionary. . 1998.

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  • Ad valorem duty — Duty Du ty, n.; pl. {Duties}. [From {Due}.] 1. That which is due; payment. [Obs. as signifying a material thing.] [1913 Webster] When thou receivest money for thy labor or ware, thou receivest thy duty. Tyndale. [1913 Webster] 2. That which a… …   The Collaborative International Dictionary of English

  • ad valorem duty — Duty expressed as a percentage based on the customs value of the goods, eg 10% ad valorem means that the duty payable is 10% of the customs value of the goods. HM Customs & Revenue Glossary * * * ad valorem duty ad valorem duty ➔ duty …   Financial and business terms

  • ad-valorem duty — A duty fixed as a percentage of the value of the goods EU Customs Glossary Duty expressed as a percentage based on the customs value of the goods, eg 10% ad valorem means that the duty payable is 10% of the customs value of the goods. HM Customs… …   Financial and business terms

  • Ad Valorem Duty — ♦ A duty levied upon, and varying with, the value of a commodity. (Davis, H.W. C. (ed.) Medieval England, 615) …   Medieval glossary

  • ad valorem duty — /ˌæd və lɔ:rəm ˌdju:ti/ noun the duty calculated on the sales value of the goods …   Marketing dictionary in english

  • ad valorem duty — /ˌæd və lɔ:rəm ˌdju:ti/ noun the duty calculated on the sales value of the goods …   Dictionary of banking and finance

  • Duty — Du ty, n.; pl. {Duties}. [From {Due}.] 1. That which is due; payment. [Obs. as signifying a material thing.] [1913 Webster] When thou receivest money for thy labor or ware, thou receivest thy duty. Tyndale. [1913 Webster] 2. That which a person… …   The Collaborative International Dictionary of English

  • duty — Synonyms and related words: Mass, VAT, accountability, active service, ad valorem duty, admiration, adoration, alcohol tax, allegiance, amenability, amusement tax, answerability, apotheosis, appreciation, approbation, approval, assessment,… …   Moby Thesaurus

  • valorem — /və lɔ:rəm/ noun ⇒ ad valorem duty …   Marketing dictionary in english

  • valorem — /və lɔ:rəm/ noun ⇒ ad valorem duty …   Dictionary of banking and finance

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