About this document
Understanding Ad Valorem Duties in Customs by Chin Martinz is a document available to read on EtoBox.
Ad valorem is a Latin phrase meaning "according to value" and refers to customs duties or taxes that are levied as a percentage of the value of the goods. Rules on customs valuation are only relevant for determining ad valorem duties because they are based on the value of the goods, unlike specific duties which are fixed amounts. The World Trade Organization agreements that govern customs valuation procedures are Article VII of GATT, the Agreement on Implementation of Article VII (also known as the Agreemen
- Author
- Chin Martinz
- Language
- EN