Duties assessed on the value of a good are known as:

Name: Duties assessed on the value of a good are known as:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Ad Valorem duties are assessed as a percentage of the value of the good. Specific duties, on the other hand, are assessed as a fixed amount per unit of the good. Compound duties are a combination of both ad valorem and specific duties. Transformation duties do not exist as a recognized category of duties.

Duties Assessed on the Value of a Good Are Known