Ad valorem duties are based on the
COMMERCE
WAEC 2013
Ad valorem duties are based on the
- A. importance of the goods imported
- B. value of the goods imported
- C. weight of the goods imported
- D. nature of the goods imported
Correct Answer: B. value of the goods imported
Explanation
Ad valorem duty; means according to the value. Import duties or taxes expressed as a percentage of value.
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