Import Duty Calculator

The Import Duty Calculator helps users estimate the total import cost, including customs value, import duty, VAT, and effective duty rate, based on product value, shipping, insurance, and product category.

Use Our Import Duty Calculator

How to Use the Import Duty Calculator

This guide will walk you through the steps of using the Import Duty Calculator to determine the import costs associated with purchasing goods internationally. Please follow the instructions carefully to ensure accurate results.

Step 1: Enter Product Information

  • Product Value (USD): Enter the value of the product you are importing in US dollars. Ensure this value is accurate as it contributes significantly to the overall calculation. The value must be at least $0.01.
  • Shipping Cost (USD): Enter the cost of shipping your product. This amount should be a positive number or zero if shipping is free.
  • Insurance Cost (USD): If you opted for insurance during shipping, enter the cost here. If insurance wasn’t purchased, you can enter 0.

Step 2: Select Product Category

Select the category that best describes your imported product from the dropdown menu:

  • Duty-free goods: No duty is applied.
  • Books and printed materials (2.5%): Applicable for books and similar printed materials.
  • Raw materials (5%): Choose this for unprocessed raw materials.
  • Industrial goods (10%): Select for machinery or related industrial items.
  • Consumer goods (15%): This option is for products meant for direct consumption.
  • Luxury items (25%): Choose this for high-end luxury products.

Step 3: Calculate Results

Once all values and categories are entered, use the calculate button to determine the import costs:

  • Customs Value: This is calculated as the sum of Product Value, Shipping Cost, and Insurance Cost. It’s displayed in USD with two decimal points.
  • Import Duty Amount: Calculated by multiplying the Customs Value by the duty rate of the selected product category.
  • VAT Base Amount: The total of Customs Value and Import Duty Amount.
  • VAT Amount (20%): This is 20% of the VAT Base Amount. It represents the value-added tax imposed.
  • Total Import Cost: The sum of Customs Value, Import Duty Amount, and VAT Amount. This is the total cost to import the goods.
  • Effective Duty Rate: This rate is the sum of Duty and VAT Amount divided by the Customs Value, showing the total import duty percentage.

Conclusion

By following these steps, you will have a comprehensive understanding of the import costs associated with your purchase. Ensure all values are final and correct to prevent miscalculations.