AD VAL


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AcronymDefinition
AD VALAd Valorem - According to the Value
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References in periodicals archive ?
from the existing range of 25-45 per cent to the range of 10-25 per cent ad val. Duties on a large number of inputs for electronic industry are also being reduced from 25 per cent to 10 per cent ad val.
It is proposed to reduce tariff structure on machinery from the existing range of 15 to 70 per cent to the range of 10-45 per cent ad val. But the great bulk of machinery items will attract not more than 20 per cent tariff.