| For detail of General
Customs duty and taxes calculation formula
Click here otherwise below is the
short list of formulas which is used to calculate the
above calculation.
DPV = Cost + Insurance + Freight
DPV X CUDU = A
(DPV + A) X EXTA = B
(DPV + A + B ) X VAT = C
(DPV + A + B + C) X SURTAX = D
DPV X WHT = E
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TOTAL PAYABLE = A+B+C+D+E
Where DPV= Duty paying value
CUDU= customs duty rate
EXTA = excise tax rate
VAT = value added tax rate
SURTAX=surtax
WHT = with-holding tax rate
On customs declaration tax
types and their codes are the following
No. |
Tax Type |
Tax Code |
1 |
Duty Tax |
01 |
2 |
Excise Tax |
03 |
3 |
Value Added Tax |
04 |
4 |
Sur Tax |
05 |
5 |
Withholding tax |
15 |
To get more information Click
here
|
