Ad Valorem
This is a Latin term meaning “according to the value.” All duties and taxes are calculated on the basis of value, so you may see this used quite often.
This is a Latin term meaning “according to the value.” All duties and taxes are calculated on the basis of value, so you may see this used quite often.
What's missing from this page? Do let us know if there's anything that you'd like to see feature. We'd love to hear your feedback