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Rates of Duty in CETA
In CETA, rates of duties prescribed for different items are of 2 types
- Advolerem Rate
- Specific Rate
|
Advolerem Rate of Duty |
Specific Rate of Duty |
|
Duty is charged as % of Value |
Duty is calculated on factors of production |
|
Example % of Sales |
Example Duty per kg, Duty per Machine Installed |
|
It is more widely used |
It is used only in some cases |
