Meaning compound duties
What does compound duties mean? Here you find 4 meanings of the word compound duties. You can also add a definition of compound duties yourself
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compound dutiesThe duties that provide for specific, plus ad valorem duties to be levied on the same articles.
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compound dutiesSee duty.
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compound dutiesA combination of both a specific rate of duty and an ad valorem rate of duty. Whereas specific duties are based on factors such as weight or quantity, ad valorem duties are based on the value of the g [..]
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compound dutiesCompound duty is an import tax consisting of both ad valorem and specific duties. It is calculated based on both the value of the goods as well as the weight, volume or number.
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