In computing ad valorem duty, fractional parts of a dollar of value are treated how?
- Less than 50 cents is disregarded; 50 cents or more is counted as $1
- All fractions are dropped
- All fractions are rounded up
- Values are carried to the cent
Show the answer
A. Less than 50 cents is disregarded; 50 cents or more is counted as $1
Ad valorem rates apply to values in even dollars, rounding at 50 cents.
Source: 19 CFR 159.3(a)
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