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KembaraXtra – Travel Terms: ad valorem
A Latin term meaning “in proportion to value”; the entry notes that customs duties on goods brought in above duty-free allowances are often ad valorem, while airport departure charges and taxes are more commonly fixed amounts
A Latin term meaning “in proportion to value”; the entry notes that customs duties on goods brought in above duty-free allowances are often ad valorem, while airport departure charges and taxes are more commonly fixed amounts
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