Answer-Ad valorem means_____________

A Latin term which means according to the value and is related to the method of levying duties i.e., tax on a transactionproperty, payable proportionally on the value of the transaction or property, rather than on its quantity.

Question

Ad valorem means_____________

A According to the value

B According to the use

C According to the nature

D According to the need

E According to parties

Practice Next

More Administrative Interpretation and Maxims Questions

An adverb adds something to the meaning of a:
The fee payable to the experts appointed by the Court as per section 14A of the Specific Relief Act shall _____________
Which type of tort involves false statements that harm a person's reputation?
Provision for enhanced punishment in case of subsequent conviction for certain crimes punishable under Chhattisgarh Excise Act 1915 is provided under:
The issued capital of the Exim Bank shall be____________________
Which of the following is a new type of company which was introduced by the Companies Act, 2013?
Who among the following is not entitled to claim maintenance under section 125 of Cr.P.c?
Partner's liability for acts of the firm is___?
According to Section 36(2) of the Code on Wages, 2019, what is the limit for carrying forward the excess allocable surplus to the succeeding accounting yea...
According to the Motor Vehicles Act, 1988 no person _________shall drive a motor vehicle in any public place.

Hey! Ask a query

Ad valorem means_____________

Detailed Solution

More Administrative Interpretation and Maxims Questions

Hey! Ask a query

Please Register/Login