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Import Services

  • The Cost Accounting
The Cost Accounting

The Cost Accounting

Import cost of goods = cost price of import contract + import cost

The cost of importing includes a lot of content. If it is shipped from abroad based on FOB conditions, it has the following contents:
1. Foreign transportation costs: transportation costs from sea, land and air from ports, institutions or borders of exporting countries to borders, ports and airports in China.

2. Transportation insurance premium: The insurance premium during the above transportation.

3. Unloading costs: These fees include terminal unloading fees, crane fees, barge fees, terminal construction fees, and terminal storage fees.

4. The taxes of import duty goods collected by the customs at the import link (including customs collection) include: customs duties, product taxes, value-added tax, industrial and commercial consolidated taxes and local additional taxes, salt taxes, import adjustment taxes, Taiwan's trade adjustment tax, vehicles. Purchase surcharges, etc.
(1) Tariff: It is a basic tax levied by the customs at the importation of goods.
The formula for calculating the tariff is: Import duty tax = duty-paid price (CIF of the contract) × tariff rate
(2) Product tax, value-added tax, industrial and commercial consolidated tax, and local additional tax: These are taxes that are collected by the customs at the import of goods.
Calculation method for product tax, value-added tax and industrial and commercial consolidated tax:
Duty-paid price = (CIF + tariff) / (1 - tax rate)
Tax payable = duty-paid price × tax rate
(3) Import adjustment tax: It is a tax that is imposed on goods or other reasons that the state restricts imports. The calculation formula is: import adjustment tax = landed price × import adjusted tax rate
(4) Vehicle purchase surcharge: imported large and small passenger cars, general-purpose trucks, off-road vehicles, passenger and cargo vehicles, motorcycles, tractors, semi-trailer tractors and other transport vehicles, all of which are collected by the customs. The surcharge is purchased at a rate of 15%. The calculation formula is: billing combination price = CIF + tariff + VAT vehicle purchase surcharge = billing combination price × 15% The above various taxes are calculated in RMB.

5. Bank fees. Most of China’s import trade is paid by banks. Banks are required to collect relevant handling fees, such as the issuance fee and the procedures for settlement of foreign exchange.

6. Inspection fees and other notary fees for imported goods.

7, customs clearance delivery fee.

8. Domestic transportation fee.

9. Interest expense. That is, the interest incurred between the issuance of the payment and the recovery of the payment.

10. Foreign trade company agent import fee.

11, other expenses, such as miscellaneous fees.

CONTACT US

Contact: Ms. Chen

Phone: 13799290896

Tel: 0592-5775749

Email: nba99@163.com

Add: Room 317,Wuhua Building, No.995 Anling Road,Huli District,Xiamen,China,361009

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