A duty that represents a certain percentage of the value of a particular product is a(n):
A)specific duty.
B)ad valorem duty.
C)BTN duty.
D)"schedule B" duty.
E)antidumping duty.

Question

Quizplus · Accepted Answer

Ad valorem duty is a type of tariff calculated as a percentage of the value of the imported goods. This contrasts with specific duties, which are based on a fixed fee per unit (e.g., per kilogram, liter, or other measurement of the goods).

A Duty That Represents a Certain Percentage of the Value