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Ad velorem
what is difference between additional fees and ad velorem fees
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An ad valorem tax is a form of taxation based on the value of a transaction or a property, either real estate or personal property. It is generally calculated as a percentage of the value of the property, rather than on size, weight, or quantity. Ad valorem is Latin for “according to value.”
Additional fee is like paying money for extra baggage at airports when they exceed 50 kg limit
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