Types of tariffs
- special tariffs:-
If duty is fixed on per unit import, then this duty is called special tariffs
- Ad valorem tariffs :-
If duty is fixed with some percentage on the total value of import include cost and transport charge then this duty is called Ad Valorem tariffs.
- Silding scale tariffs
It is duty which is related to price of commodity .If price increases , the tariffs will increase , if price will decrease duty will decrease.