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Ad-valorem duties and taxes
Ad-valorem duties and taxes
Duties and taxes which are calculated on the basis of a percentage of the value of the goods.
Duties and taxes which are calculated on the basis of a percentage of the value of the goods.
Clearance (of goods) -- The accomplishment of the customs formalities necessary to allow goods to be released from Customs control – for export, home use or to be placed under another customs procedure.