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  • Tariff

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    VINITHA
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    A specific tariff charges a fixed fee per imported unit, like the US $0.51 fee per imported watch. An ad valorem tariff charges a percentage of the import's value. A compound tariff combines a fixed fee with a percentage of value, such as $100 plus 10% of the car's worth.

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    A specific tariff charges a fixed fee per imported unit, like the US $0.51 fee per imported watch. An ad valorem tariff charges a percentage of the import's value. A compound tariff combines a fixed fee with a percentage of value, such as $100 plus 10% of the car's worth.

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    11 views1 page

    Tariff

    Uploaded by

    VINITHA
    A specific tariff charges a fixed fee per imported unit, like the US $0.51 fee per imported watch. An ad valorem tariff charges a percentage of the import's value. A compound tariff combines a fixed fee with a percentage of value, such as $100 plus 10% of the car's worth.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Specific tariff:

    A specific tariff is levied as a fixed charge per unit of imports. For example, the US government levies
    a 51 cent specific tariff on every wristwatch imported into the US. Thus, if 1000 watches are
    imported, the US government collects $510 in tariff revenue.

    Ad valorem Tariff:

    A tariff rate charged as percentage of the price.

    Difference btw specific and Ad valorem:

    A specific tariff is levied as a fixed charge per unit of imports. ... An ad valorem tariff is levied as a
    fixed percentage of the value of the commodity imported.

    Compound Tariff:

    Compound tariffs: Tariffs that are a combination of specific tariffs and ad valorem tariffs. For
    example, a compound tariff might consist of a fixed $100 duty plus 10% of the value of every
    imported car.

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