Search results with tag "Common customs"

Glossary of Customs Terms and Abbreviations

1 Glossary of Most Common Customs Terms A Form – See Demand Note Ad Valorem – a term from Latin means "according to value"; usually refers to a tax, duty, or charge based on the cargo’s value. Ad Valorem Duty – Duty and taxes which are calculated on the basis of value. Agency - The right given by an individual, body or firm to another person or company to act on its

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