Ad valorem duties are based on the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option B
Explanation:
Ad valorem duty; means according to the value. Import duties or taxes expressed as a percentage of value.
Ad valorem duty; means according to the value. Import duties or taxes expressed as a percentage of value.