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What is ad valorem duty? and what is the other name for this duty?

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Question added by padmakumar pathiyil , Marketing Consultant , Management Consultancy
Date Posted: 2014/10/18
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

Based on value

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Duty or other charges levied on an item on the basis of its value and not on the basis of its, quantity, size. weight or other factor.

Ad-valorem means: Based on Values.   Eg: Property tax,  Import duties, Vat, Excise taxes,Tax on capital gains.etc.

 

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