Which of the following statement is correct in regards to Ad Valorem Tariffs?
(1) It is a fixed fees levied on imported goods.
(2) It is levied based on the items value.
Select the correct answer from the options given below:
A. Only (1)
B. Only (2)
C. Both (1) and (2)
D. Neither (1) nor (2)
Answer: Option A
This Question Belongs to Commerce >> Miscellaneous In Commerce
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