The amount of customs payments. Calculation of freight charges. Duty and VAT
Value calculation is the most important part of the customs clearance. For the adequate calculating it needs to define HCDCS code of goods and calculate goods' customs cost.
The most common way of value calculations is ad valorem method. This method assumes withdrowing of some percentage from the price of goods.
This percentage can vary according to the country-supplier.
| One HS: | 
|
Free |
| P/l: |
|
120$ |
| Risks: |
|
3% |
For calculating customs value six methods of calculation are used. They are implemented sequentially and >are mutually exclusive:
1. Definition of cargo value using price of a deal;
2. Definition of cargo value using price of a deal with the equivalent goods;
3. Definition of cargo value using price of a deal with the goods of the same type;
4. Definition of cargo value using method of subtraction the additional expenses from the cargo value if the goods are sold in the customs native country;
5. Method of summation delivering and production expenses;
6. The additional method for defining cargo value (is used when it's impossible to use the other five methods).
The resulted customs value is checked by customs officers who corrects it if there is such a necessity.
Customs payments also include customs service expenses. All these payments are usually merged in a unified customs duty.
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The procedure for calculating the customs value follows immediately after determining the HS code, but is paramount. It is for the customs value that the customs code of the cargo is selected. This is where the relationship between these equally important stages for customs clearance comes from. For any company, the cost of customs clearance is, of course, included in the cost of the goods. And if the code was entered incorrectly, then such a company a priori loses to its competitors in terms of the selling value of the product, and this is at least. It is not difficult to imagine the full aspect of the consequences of overpayment of customs duties and fees. Our company performs the entire calculation of payments and fees when quoting the cost of logistics services upon initial request from the client. Of course, if the cargo owner did not provide accurate information, or missed something, and this becomes known later, then all the risks and the difference between the initial and actual quotation will fall on the financial shoulders of the client. Proftrans informs its customers and examines for compliance of the claimed goods with the actual shipment. |
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