TAXABLE CHARGES
If the compound amount of bank charge and brokerage fee amounted to P12,400, compute for the brokerage fee with VAT.
$ 12,400
- 5,050
$ 7, 350 / 2
+ 5,050
X 1.12
----------
P 9,772
Double Points!!
A shipment of 3x20’ STC: Electronic materials stored at a manufacturer’s bonded warehouse has a total Dutiable value of P 2,700,000. Determine the bank charge if the mode of payment is thru check.
0
awww, points not counted!
How much should be the compound value of brokerage fee and bank charge billed to importer with a dutiable value of P 180,000?
BC - 225
BF- 5300
x 1.12
P 6188
An importer from Davao City paid P 24,500 for the amount of arrastre with a discharge at shipside.
Compute for the WHARFAGE DUE (VAT included) if the discharging was made via pierside
AC - 24,500
/ 8
MT = 3,062.5
x 34
WHARFAGE DUE = P 104,125
x 1.12
WD WITH VAT = P 116,620
Maria from Davao exported 50,000 lbs of frozen pork in a 3x40' reefer van. The shipment has a total tare weight of 1,000 lbs and net weight of 24,000 lbs.
Compute for the total Arrastre Charges of the Shipment if the Port of Loading is South Harbor.
IN PORT
3 units
x P 6,989
= P 20,967
An importation of 5 units of Hitachi mine truck with a payload capacity of 326 tons. The shipment has a total gross weight of 150 tons. The units have been discharged at Port of Subic . Compute for the arrastre charges net of VAT.
150
x 110
= P 16,500
A shipment of 2x20’ STC: Various Raw mats stored at a manufacturer’s bonded warehouse has a total dutiable value of P 2,500,000/ container. Determine the brokerage fee billed to importer.
P 5,000,000
x .00125
+ 5,050
x 1.12
BF w/ VAT = 12,656
POWER POINTS!
(choose if you will double your points or deduct from your chosen team)
Reiesha imported 10 units of motorized Jet skis to be arrived at the Port Of Subic, said shipment has a total Bank charge of P 570/unit inclusive of VAT. Compute the total Brokerage fee of the Jet skis net of VAT.
TOTAL BC - P 5,089.29(570 x 10 / 1.12)
+ 5,050
T. BF = P 10, 139.29
DOUBLE POINTS!!!
The compound amount of dutiable value, customs duty and ad valorem tax for an importation of jewelry is at P 3,750,000. Compute for the customs duty if rate of duty is 15%.
DV/CUD/AVT - 3,750,000
/ 1.35 (.15+.20)
DV P 2,777,777.78
x .15
CUD = P 416,666.67
An importation of bulb wire was in an LCL importation at MICT. the importer paid P 7,140 inclusive of VAT for arrastre charges.
How much should be the arrastre charges if it was discharged at the ship side of Port Of Ilo ilo?
AC - 6,375 (7140/1.12)
/ 75
MT = 85
x 8
ARRASTRE CHARGES = P680