The formula you should use to calculate import taxes is as follows:

Import Duty ($) = Customs Value ($) x Duty Rate (%)


US – Goods value (FOB)
EU – Good value + Insurance + Shipping (CIF)

These import duties are to be paid by the importer (you) at the destination, following customs clearance.

Category: Logistics

About Adrian Leighton

Adrian is the Sofeast group's experienced marketer and has worked in manufacturing for around a decade. He has a particular interest in new product development and sharing important manufacturing news from China.If you've read, watched, or listened to some Sofeast content, Adrian has probably had a hand in it!
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