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Updated: May 11, 2025
Successive governments, in their efforts to raise money, gradually increased this percentage until it reached 73.8 per cent. As the "aforo" valuation was as a general rule higher than the real value the imposition of so elevated a tax made all imported articles inordinately expensive.
Originally, it appears, the tariff provided for the payment of an ad valorem duty on goods imported; later the discretionary power involved in the appraisement was taken away and a fixed, arbitrary value was assigned by law to each article, and on this value, known as the "aforo," a specified percentage was payable as customs duty.
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