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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
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Correct Answer: Option B
Explanation

Ad valorem duty; means according to the value. Import duties or taxes expressed as a percentage of value.

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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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