alleryStart learning →An ad valorem tax is based on the:
AWeight of the item
BNumber of units sold
CValue of the item taxed
DDistance it is carried
Answer & Solution
Correct answer: C. Value of the item taxed
Ad valorem, Latin for according to value, means the tax amount follows the value of the item.
Keep practising Customs Act 1962: Levy and Exemption
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