Bicycles entering Belgium pay an ad valorem duty of 12 per cent.
There is an ad valorem duty of 8% on imports and of about 1% on exports.
The war introduced new considerations into the problems of ad valorem valuation.
Down to the year 1834 the duty was an ad valorem one of 96 per cent.
ad valorem duties are levied at a certain rate per cent on the value of the articles taxed.
The enumerated articles were not to be subject to the ad valorem duty of five per centum.
But he would only vote for the ad valorem system of duties, which he deemed the most beneficial and the most equitable.
Revenue is raised chiefly by customs dues on spirits and tobacco and a general 10% ad valorem duty on most goods.
To protect this industry Congress put on a specific duty of five cents a pound and an ad valorem duty of 30 per cent.
The essence of the ad valorem method of valuation above described is income-producing capacity.