An import tax charged as percentage of the price is called :
An ad valorem tariff is calculated as a percentage of the imported good's value. A specific tariff instead charges a fixed amount per physical unit.
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An import tax charged as percentage of the price is called :
Answer and explanation
Correct answer A
An ad valorem tariff is calculated as a percentage of the imported good's value. A specific tariff instead charges a fixed amount per physical unit.
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Himachal Pradesh SET (HP SET)