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Va Ve Vi Vo
Val Van Var Vat

Variable levy

A tariff subject to alterations as world market prices change. The alterations are designed to assure that the import cost after the payment of the duty will equal a predetermined “gate” price.

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VAT

The Value Added Tax is a tax assessed on the increased value of goods as they pass from raw material stage through the production and distribution processes to final consumption. The tax on processors or merchants is levied on the…

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