Tariffs
Compound Tariff
Also known as: Combined tariff, Composite duty
A tariff type that combines an ad valorem percentage with a specific amount per unit, applying whichever is greater or summing both components.
Also known as: Combined tariff, Composite duty
A tariff type that combines an ad valorem percentage with a specific amount per unit, applying whichever is greater or summing both components.
A compound tariff is a customs duty that simultaneously applies an ad valorem component (percentage of value) and a specific component (fixed amount per unit). It may be calculated by summing both or applying the greater of the two, depending on applicable legislation.
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Learn more→Ad Valorem Tariff
An import duty calculated as a percentage of the customs value of goods. It is the most common type of tariff in international trade.
TariffsSpecific Tariff
A foreign trade tax calculated as a fixed amount per unit of measure of the imported merchandise (per kilogram, liter, piece, etc.), regardless of its value.
TariffsMixed Tariff
A foreign trade tax combining an ad valorem component (percentage of value) with a specific component (fixed amount per unit), generally applying whichever results in the higher amount.
TariffsTariff Rate
The percentage or specific amount applied to the customs value of imported goods to calculate the general import tax.