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WAEC Commerce 2013 Objective — Question 38

Question 38 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.

Ad valorem duties are based on the

A. importance of the goods imported
B. value of the goods importedCorrect
C. weight of the goods imported
D. nature of the goods imported

Explanation

Ad valorem tax/duties are duties charged on goods based on the value.

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