Friday, December 28, 2018

CBLR'18 - REGULATION 6 & G CARD EXAM NOTES - Difference between Ad Valorem and Ad Specific duties

Ad Valorem
Ad Specific
It is charged as percentage of the value of goods.
It levied on the basis of quantity.
Example: 5% of value. If value of a product is Rs.100 then the duty will work out to Rs.5
Example: Rs.8 per Kg Rs. 6 per meter or Rs.5 per litre etc. If you have purchase 6 meters of cotton fabric and rate of duty is Rs.6 per meter then duty work out is Rs.36

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