Q&A Clients & Guests - Imported Goods In

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Imported Goods In

Printed From: peach info
Category: Clients and Guests
Forum Name: Q&A Clients & Guests
Forum Description: Questions Answers & Tips
URL: http://www.peachinfo.net/forum_posts.asp?TID=918
Printed Date: 19-Apr-2024 at 07:22
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Topic: Imported Goods In

Posted By: Guests
Subject: Imported Goods In
Date Posted: 07-Jun-2007 at 04:58

Please follow this helpsheet to process Imported Goods In correctly.

http://www.peachinfo.net/uploads/20100309_152514_20080113_165311.doc - uploads/20100309_152514_20080113_165311.doc

Replies:

Posted By: peach
Date 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

Posted By: peach
Date Posted: 19-Oct-2015 at 15:02

Here is another document that may help as well.

http://www.peachinfo.net/uploads/import_goods_in.pdf" rel="nofollow - http://www.peachinfo.net/uploads/import_goods_in.pdf