A B C D E G H I L M N O P Q R S T V W Z

Ad valorem duty

Latin expression that means according to the value. Import duties or taxes expressed as a percentage of value. For example, the import duty for a product classified under Harmonized System 220421 is 4.5 per cent of the customs valuation. Its…

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Additional taxes and charges

Additional taxes and charges are additional charges, which are levied on imported goods in addition to customs duties and surcharges and which have no internal equivalents. They include tax on foreign exchange transactions, stamp taxes, import license fees, consular invoice…

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Administrative pricing

Administrative pricing refers to the fixing of import prices by the authorities of the importing country by taking into account the domestic prices of the producer or consumer (e. g. establishing floor and ceiling price limits; reverting to determined international…

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Advance import deposit

An advance import deposit is a requirement that the importer should deposit a percentage of the value of the import transaction before receiving the goods (e.g. payment of 50% of the transaction value is required three months before the expected…

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