Taxable Charges and Landed Cost Components

Flashcards for reviewing components of landed cost and related charges in import shipments.

What is included in the total landed cost (LC) or VAT base (VB) for sea import?

Dutiable Value (DV), Customs Duty (CUD), Bank Charge (BC), Brokerage Fee (BF), Arrastre Charge (AC), Wharfage Due (WD), Customs Documentary Stamp (CDS), and Import Processing Charge (IPC)

What is included in the total landed cost (LC) or VAT base (VB) for air import?

Dutiable Value (DV), Customs Duty (CUD), Bank Charge (BC), Brokerage Fee (BF), Customs Documentary Stamp (CDS), and Import Processing Charge (IPC)

What is the formula for calculating the Bank Charge (BC)?

BC = DV x 0.000125 = DV / 800

What is the Brokerage Fee for formal entry with dutiable value up to PHP 10,000?

PHP 1,300

What is the Brokerage Fee for informal entry?

PHP 700 (fixed)

What are examples of other services related to Brokerage Fees?

Obtaining shipside permit (PHP 1,300), obtaining transfer permit (PHP 1,300), withdrawal permit (complete - PHP 2,000, partial - PHP 1,500)

List the classes of dangerous goods.

Class 1 Explosive, Class 2 Gases, Class 3 Flammable Liquids, Class 4 Flammable Solids, Class 5 Oxidizing Agents, Class 6 Poisonous, Class 7 Radioactive, Class 8 Corrosive, Class 9 Miscellaneous

What is the arrastre charge for a 20’ FCL Containerized - Gen Cargo IMPORT (net of 12% VAT)?

PHP 3,727

What is the arrastre charge for a 40’ or 45’ FCL Containerized - Gen Cargo IMPORT (net of 12% VAT)?

PHP 8,551

What is the arrastre charge for a 20’ FCL Containerized - Dangerous Cargo IMPORT (Classes 1, 6, 8) (net of 12% VAT)?

PHP 5,950.50

What is the arrastre charge for a 40’ & 45’ FCL Containerized - Dangerous Cargo IMPORT (Classes 1, 6, 8) (net of 12% VAT)?

PHP 12,826

What is the shipside arrastre charge (OUT-PORT)?

PHP 8 per Metric Ton (MT)

What is the pierside arrastre charge (OUT-PORT)?

PHP 110 per Metric Ton (MT)

What is the wharfage for a 20’ FCL CONTAINERIZED IMPORT?

PHP 519.35

What is the wharfage for a 40’ FCL CONTAINERIZED IMPORT?

PHP 779.05

What is the wharfage for a 45’ FCL CONTAINERIZED IMPORT?

PHP 916.50

What is the shipside wharfage (OUT-PORT)?

PHP 17 per Metric Ton (MT)

What is the pierside wharfage (OUT-PORT)?

PHP 34 per Metric Ton (MT)

What is the fixed amount for the Customs Documentary Stamp (CDS)?

PHP 130

What is the Import Processing Charge (IPC) for dutiable value up to P25,000?

P250

What is included in the total amount payable to the government (DTOC) filed under formal entry?

CUD (Customs Duty), VAT, ET (if any), CDS (Customs Documentary Stamp), IPC (Import Processing Charge), CSF (if containerized)