Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

If we import any Capital goods which are Brand new by ocean, How do we define how much duty will be levied? In whichever country we import?

user-image
Question added by satyam singaluri , Business Development manager , UT WORLDWIDE FREIGHT INDIA Private Limited
Date Posted: 2014/07/15
Harry Busacay
by Harry Busacay , Area Sales Manager , JENGAN LLC

Some countries provide benefits such as duty exemption for imported goods used as a component in manufacturing new product.  But most countries having that policy provides this benefit only if importing company is a locally owned manufacturer.In any case, duties depends on your local import policy.  Some will charge only5% from Ex-W value and Ive seen cases where they charge more than% CIF value.

Muhammad Asif
by Muhammad Asif , Logistics Coordinator , Fire Bird Distribution FZE

If by Duty you mean Custom duty and taxes then you should go to your country's import policy. There is another short way you can check H. S Code for that Capital Good and check duties in chapter of H. S Codes.

Dolrich Crasto
by Dolrich Crasto , Corporate Operations Department , NSCSA

Regulations differ in each country.

 

In Qatar it is calculated on CIF Value of the cargo.

pawan kumar ladhar
by pawan kumar ladhar , CUSTOMER SERVISES AND DOCUMENTATION EXECUTIVE , AAKYU SHIPPING & FORWARDING

ACCORDING TO WEIGHT ANS CBM

More Questions Like This