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Ad valorem

Optical Products
From Germany
To United Kingdom
350 views / 0 experts
Jasmine G.
Jan 19, 2021

What is Ad valorem? 

1 answer

Raymond Y.
Jan 19, 2021

Customs Duty is usually based on the customs value of goods and is usually calculated according to the value – 'ad valorem' in Latin. Most goods are taxed in this way, although sometimes different criteria are used such as weight, dimensions, quantity, or some other criteria. For instance, flour is taxed by weight and clocks are taxed by quantity.

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