ad valorem

adjective, adverb

  1. in proportion to the value (used especially of duties on imports that are fixed at a percentage of the value as stated on the invoice).

adjective, adverb

  1. (of taxes) in proportion to the estimated value of the goods taxedAbbreviation: ad val, a.v., A/V

type of customs duties, 1711, Latin, “in proportion to the value” (see value).

Leave a Reply

Your email address will not be published. Required fields are marked *

50 queries 1.233