Most duty is collected ad valorem which means
A) it is based on the value of the import.
B) it is based on the value that is added in each process of manufacturer/improvement.
C) the duty adds value to the product.
D) the duty reduces the price of the product.
E) None of the above

Question

Quizplus · Accepted Answer

Ad valorem means the duty is based on the value of the import.It has nothing to do with adding value,but,if anything,it may add to the price of the product.

Most Duty Is Collected Ad Valorem Which Means