EXERCISE 5: Calculating the total amount of import and export taxes that the company has to pay in August / 200x, knowing that in the month the company has the following import and export activities: I. Receiving entrusted export: 8% commission on FOB price. - 20,000 product A: CIF price of 100,000 VND / product. - 15,000 product B: price of CIF 125,000 VND / product - 30,000 product C: CIF price of 175,000 VND / product. (I + F) of the whole shipment of VND 253,500,000 allocated to each product according to the actual quantity of exports. II. Import: - 10,000 products D: CIF price of the whole shipment is 160,000 USD. According to the inspection report of VinaControl at the border, 50% of products were damaged during transportation (completely due to natural disasters). - 20,000 K products: The CIF price of the whole shipment is USD 375,000. International freight & insurance cost of shipment is USD 15,000. Through inspection, the customs office determined to lack 1,000 products compared to the declared quantity. Know that: Export and import tax rates for specific items are as follows: - 10% for products A and C; - 05% for product B; - 20% for product D; - 25% for product K; The exchange rate between VND & USD announced by the State Bank in August is: 1 USD = 23,000 VND. In addition, determine the amount of commission the company is entitled to when receiving entrusted export of goods.



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