How To Calculate Duties

Table of contents:

How To Calculate Duties
How To Calculate Duties

Video: How To Calculate Duties

Video: How To Calculate Duties
Video: How To Calculate Import Duty and VAT 2024, April
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Customs payments (duties) are an essential element of a foreign economic transaction. That is why it is very important to calculate customs duties correctly in advance for the transaction to be truly effective. You can calculate the amount of customs duty yourself, guided by the provisions of the Customs Code and the rules for import / export of goods abroad.

How to calculate duties
How to calculate duties

Instructions

Step 1

However, in the process of such a calculation, many different factors must be taken into account, so it is best to use special software products that have been created for this purpose. They allow you to accurately and quickly calculate the amount of customs duties depending on the quantity, type and value of imported or exported goods. Due to the fact that the programs optimally select the TNVED CU code, take into account the influence of the country of origin and information on preferences, the costs of processing customs documents are significantly minimized. In addition, you have the opportunity to timely receive all the necessary information about the various certificates and licenses that you will need when going through customs control. Thanks to this, you will correctly plan your delivery and avoid any problems or delays at the border.

Step 2

Customs duties on cars have special calculation rules. When calculating the amount of duty, take into account the age of the car, its customs value and the country of origin. In addition, please note that the amount of the duty also depends on the volume of the car's engine to which it is imposed. In order to determine the customs value of the car, do the following. Based on the information in the technical passport, determine the brand, year of manufacture of the car, volume and type of its engine. If the catalog does not contain a specific car, select one that is identical to yours in terms of characteristics.

Step 3

If your vehicle does not match the original equipment, reduce the price by the amount of the missing part, and also deduct the cost of its installation. If there is no price for modified car models, use a conversion factor based on the base model.

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