MLchartDataset catalogue

Ad valorem

Term · Logistics and supply chain · MLC-T-LOG-000003

A type of tax or duty calculated as a percentage of the assessed value of an item or transaction, rather than a fixed amount per unit. This method is commonly applied to customs duties, property taxes, and insurance premiums. For example, an ad valorem customs duty of 5% on goods valued at $10,000 would result in a $500 charge.

Table 1. Record
IdentifierMLC-T-LOG-000003
FieldLogistics and supply chain
Record as JSON 
{
  "id": "MLC-T-LOG-000003",
  "term": "Ad valorem",
  "field": "Logistics and supply chain",
  "definition": "A type of tax or duty calculated as a percentage of the assessed value of an item or transaction, rather than a fixed amount per unit. This method is commonly applied to customs duties, property taxes, and insurance premiums. For example, an ad valorem customs duty of 5% on goods valued at $10,000 would result in a $500 charge.",
  "url": "https://mlchart.com/terminology/logistics/ad-valorem/"
}

Record 3 of 256 in Logistics and supply chain terminology (MLC-0105). Request the full dataset.