TAXABLE CHARGES
If the compound amount of bank charge and brokerage fee amounted to P12,820, compute for the brokerage fee with VAT.
$ 12,820
- 5,050
$ 7, 770 / 2
+ 5,050
X 1.12
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P 10,007.2
An importer form Port of San fernando paid P 12,500 for brokerage fee. Compute for the Customs duty if the imported goods are subject to 11% rate of duty.
12,500 - 5050
=7450 / .00125
= 5,960,000 x 11%
= P 665,600
awww, points not counted! sad
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- 5,300
x 1.12
P 6,188
POWER POINTS!
(choose if you will double your points or deduct from your chosen team) (in short kadiliman o kasamaan?)
An importer from Davao City paid P 18,500 for the amount of arrastre with a discharge at shipside.
Compute for the wharfage due (VAT included) if the discharging was made using own port.
P 18, 500 / 8
= 2,312.5 MT
x P 18.325
x 1.12
P 47,461.75
Double Points!!!
(minus 100 from your chosen team) (may pag asenso ‘pag walang konsensya)
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 CTN
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
DOUBLE POINTS!!!
(galing pumili, sana sa life choices din)
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 per container.
P 5,000,000
x .00125
+ 5,050
T. BF= p 11,300 / 2
BF/CTN = P 5,650
DOUBLE POINTS?
(Yes pag tama, San ba ko nagkulang pag mali)
Cappuccino imported 12 units of motorized Jet skis to be arrived at the Port f 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 6,107.14 (570 x 12 / 1.12)
+ 5,050
T. BF = P 11,157.14
DOUBLE POINTS!!!
(Nag aral? winner ka)
The compound amount of dutiable value, customs duty and ad valorem tax for an importation of Jet ski is at P 3,750,000. If the rate of exchange is P57/$, freight rate is 7% of the customs value and rate of duty is 10%, determine the Dutiable insurance.
DV/CUD/AVT = P 3,750,000
/ 1.30 (AVT+CUD)
DV= P 2,884,615.38 / 57
CIF = $ 50,607.29
/ 1.11 (FRT + INS)
COST = $ 45,592.15 X .04
INS = $ 1,823.69
An importation of steel bar was in an LCL importation in MICP, the importer paid P 30,184 inclusive of VAT for arrastre charges.
How much should be the arrastre charges if it was discharged in Port Of Ilo ilo?
P 30,184
/ 1.12
P 26,950
/ 175 ( rate)
154 MT
x 110 (pier side rate)
P 16,940