Higher Arithmetic, Or, the Science And Application of Numbers : Combining the Analytic And Synthetic Modes of Instruction : Designed for Advanced Classes in Schools And Academies

Cover Higher Arithmetic, Or, the Science And Application of Numbers : Combining the Analytic And Synthetic Modes of Instruction : Designed for Advanced Classes in Schools And Academies
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— Calculation of Ad Valorem Duties.
452. When duties are imposed upon the actual cost of mer- chandise, there are of course no deductions to be made ; conse- quently we have only to tod the legal per cent, on the amoxmt of the given invoice, or cost of the goods, and it wiU be the duty required.
Ex. 11. What is the ad valorem duty, at 25 per cent., on a «ase of bombazines, invoiced at |450 ?
Solutimi. — $450x.25=|112.50, the ad valorem duty. Hence, 453* To find the ad valorem duty on any given
...merchandise.
Multiply the amount of the given, invoice by the legal per cent., and the product will be the duty required. (Art. 324.) Obs. 1. An invoice is a written statement of merchandise, with the v£Jue or prices of the articles annexed.
2. The law requires that the invoice sheill be verified by the owner, or one of the owners of the gqods, certifying that the jnvoice annexed contains a true and faithful acanmt of the actual costs thereof, and of all charges- thereon, and no other diferent discount, b'ounty, or drawback, but such as has been actually allowed on the same ; which oath shall be administered by a consul, or com- mercial agent of the United States, ot by some public officer duly authorized to administer oaths in the country where the goods were purchased,, and the same shall be duly certified by the said consul, &c.


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