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Imported Goods In

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THE BOSS

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    Posted: 19-Oct-2015 at 15:02
Here is another document that may help as well.
  
 


Edited by peach - 19-Oct-2015 at 15:05
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Post Options Post Options   Thanks (0) Thanks(0)   Quote peach Quote  Post ReplyReply Direct Link To This Post Posted: 20-Mar-2012 at 03:39

Import Goods in Freight and Duty Allocation

 

Scenario

 

Freight =              $AUS 1,000.00

Duty =                   $AUS     280.00

Insurance =         $AUS     500.00

 

Total FIS Costs = $AUS 1,780.00

 

10,000 of part A with FOB             $US00.20 each  $US2,000.00

10,000 of part B with FOB             $US00.10 each  $US1,000.00

Total Goods FOB                                                      $US3,000.00

 

Exchange Rate = 1.03 therefore Goods Total $US = $US3,000 / 1.03 = $AUS 2,912.62

Freight Charges                                                                                                  $AUS1,780.00

Total Landed Cost                                                                                             $AUS4,692.62

 

To work out the distribution of the charges divide the Total Landed $4,692.62 / Total Goods FOB $US3000  = a factor of 1.5642.

 

So to calculate the FIS cost of a product use the factor e.g. Part A above with a $US0.20 cost * 1.5642 = $AUS0.31



Edited by peach - 21-Mar-2012 at 04:07
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 07-Jun-2007 at 04:58

Please follow this helpsheet to process Imported Goods In correctly.

uploads/20100309_152514_20080113_165311.doc



Edited by Susmita - 10-Mar-2010 at 01:25
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