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Commerce · Q419

Miscellaneous in Commerce

Graduate and Post Graduate · Commerce · question 419

Q419

Which of the following statement is correct in regards to Ad Valorem Tariffs? (1) It is a fixed fees levied on imported goods. (2) It is levied based on the items value. Select the correct answer from the options given below:

A.
Only (1)
Answer
B.
Only (2)
C.
Both (1) and (2)
D.
Neither (1) nor (2)

Answer: Option A

Solution

Answer: Option A
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