The term used in levying customs duties when...

Question 1 / 2066636ee728f7522a1c518c59

Question 1 of 2066636ee728f7522a1c518c59

The term used in levying customs duties when such are fixed at rates proportioned to estimated value of goods concerned is __________.

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Question 1 of 20

66636ee728f7522a1c518c59

The term used in levying customs duties when such are fixed at rates proportioned to estimated value of goods concerned is __________.

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🔍 Key Concepts

• Types of customs duties (based on quantity vs based on value) • Meaning of ad valorem in trade/tax contexts • How duties change if the price of the goods goes up or down

💭 Think About

• Which term is commonly used in taxes when the charge is a percentage of the item’s value? • If two shipments have different prices but the same weight, which kind of duty will increase with the more expensive shipment? • Which option looks like a Latin phrase often used in law, taxation, and customs work?

✅ Before You Answer

• Verify which term is defined as a duty calculated on the value of the goods, not their weight or number. • Eliminate any options that do not relate to taxation or valuation terminology. • Confirm that the correct term is widely used in customs, tariff, and tax law for value-based charges.

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Question 1 of 20

The term used in levying customs duties when such are fixed at rates proportioned to estimated value of goods concerned is __________.

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ad valorem

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