ad valorem duty

by

Ad Valorem Duty

Meaning in Bengali:

এড ভ্যালোরেম কর, মান ভিত্তিক কর, মান ভিত্তিক শুল্ক, মান ভিত্তিক আদায়, মান ভিত্তিক কর আদায়।

Part of Speech:

Noun

Pronunciation:

ad-vuh-lawr-uhm duh-tee

Short Definition:

Ad valorem duty refers to a type of tax or duty that is calculated as a percentage of the value of the goods or services being taxed. It is based on the assessed value of the item rather than a fixed amount.

Synonyms:

– Value-based duty
– Percentage duty
– Proportional duty
– Assessable duty
– Tariff based on value

Antonyms:

– Specific duty (নির্দিষ্ট শুল্ক)
– Fixed duty (নির্দিষ্ট কর)
– Flat rate duty (সমান হারের কর)
– Non-ad valorem duty (অ-এড ভ্যালোরেম কর)

Origin:

The term “ad valorem” is derived from Latin, where “ad” means “according to” and “valorem” means “value.” Ad valorem duties have been used for centuries as a way to tax goods and services based on their value. This type of duty is commonly employed in international trade to protect domestic industries and regulate imports.

Nearby Words:

– Ad valorem tax (Noun)
– Ad valorem tariff (Noun)
– Ad valorem rate (Noun)
– Ad valorem basis (Noun)
– Ad valorem system (Noun)

Ad Valorem Duty in Literature Quotes:

– “The government imposed an ad valorem duty of 10% on luxury goods.” – The Economic Times
– “The ad valorem duty on imported cars has been increased to discourage imports.” – Financial Express
– “The ad valorem duty is calculated based on the assessed value of the property.” – Taxation Journal
– “The ad valorem duty is a fair way to tax goods as it takes into account their value.” – Trade Magazine

Meaning in Different Languages:

– Bengali: এড ভ্যালোরেম কর
– Hindi: एड वैलोरम कर
– Nepali: एड भ्यालोरेम कर
– Urdu: ایڈ ویلورم ڈیوٹی
– Tamil: அட் வலோரம் விட்டு
– Telugu: అడ్ వలోరెం డ్యూటీ
– Arabic: رسم قيمة
– Chinese: 按比例征税
– Japanese: アドバローレム税
– Russian: адвалорная пошлина

For more information, you can visit:
– Wikipedia.org
– Dictionary.com
– TheFreeDictionary.com