Glossary
Terms & Glossaries of Shipping and Trading
Ad Valorem Duty
Ad Valorem Duty is a customs duty which is a percentage made upon the value of goods.
Ad valorem duty is a customs duty which is a percentage made upon the value of goods. Latin expression that means according to the value. Import duties or taxes expressed as a percentage of value. For example, the import duty for a product classified under Harmonized System 220421 is 4.5 per cent of the customs valuation.
