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OFFICIAL PORTAL OF THE
MINISTRY OF INVESTMENT, TRADE AND INDUSTRY
Home- About MITI
- Transforming Industry
- Promoting Trade
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- Chairman Statement of the 36th ASEAN Summit
- Chairman Statement of the 37th ASEAN Summit
- Chairman Statement of the 38th and 39th ASEAN Summit
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Ad Valorem Tariff (AVE)
- Home
- Ad Valorem Tariff (AVE)
An ad valorem duty is expressed in percentage terms, for example, a duty of 20% on the value of automotive components. Duty or other charges levied on an item on the basis of its value and not on the basis of its quantity, size, weight, or other factor.
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