Dutiables

How much should be the dutiable insurance for an importation of 200 boxes of assorted shoes, base per FOB, Japan $20,500? The buyer purchase for insurance at ₱20,100, it is with certification and official receipt. The applicable exchange rate is ₱50.25/$1.00.

• 20,100php

• 20,602.5php

• $410

• $405

National Foundation of Iligan imported 30 tons of rice and the bill of lading reflected $5,000 as amount paid for the main carriage. How much should be the dutiable freight for this shipment if the insurance amounted to $2,000 which was based per 4% of the FOB value.

• $2000

• $5000

• $4000

• $3000

Trigon Manufacturing imported from Hongkong 8 units of crane to be used for the upcoming construction projects of the corporation, having total EXW value of $ 192,300.00. To facilitate the delivery of shipment and to avoid double handling, the seller from Hongkong was required by the buyer to include in the selling price the destination inland freight to the buyer’s job site in Mindoro, this amounted to $2,500.00. Origin other charges amounting to $1,050.00, import clearing charges of $350.00, ocean freight of $16,525 and import duties, taxes and other charges amounting to $8,730 was also included in the seller’s price. Using the exchange rate of P 50.150/$1.00, find the total dutiable value.

• ₱ 10,858,327.55

• ₱ 10,900,325.5

• ₱ 9,888,503.63

• ₱ 10,304,950.34

A shipment was found to have incurred 10% of ex works value for the combined charges of freight and other charges. If the CFR and FOB values were US$4,400.00 and US$4,120.00, respectively, determine the total volume in ft3 of an importation of 20 boxes assorted stuff arrived in MICP if each box has a dimension of 60cm x 90cm x 100cm having a total gross weight of 352,733.75 ounces

• 381.40 cu.ft

• 381 cu.ft

• 384.2 cu.ft

• 389.21 cu.ft

Tooty Fruity Philippines imported 1,500 kgs of pineapple candies for distribution for kid parties this coming weekend. If the total FCA amounted to $18,000 and the insurance premium with Cert is equal to $700, find the Dutiable value if the Freight rate is equal to $1.00 per kg with exchange rate of P50.175/$1.00

• ₱ 1,014,538.50

• ₱ 1,014,540

• ₱ 1,015,254.45

• ₱ 1,014,478.56

1,000 bags of Malay Moo Thai Yu Rice arrived at the Port of Davao consigned to the National Food authority (NFA). The covering invoice shows total FOB value of $12,500.00 while the bill of lading indicated total ocean freight charges $1,200. A local insurance was procured by NFA and paid insurance premium of P12,900. However, no insurance certification and OR were presented to BOC. Based on the exchange rate of P45.150/$1.00 find the total Dutiable value is $.

• $ 14,370

• $ 14,730

• $ 13,985.71

• $ 13,986

A shipment of assorted fresh vegetables from Taiwan arrived at the Ninoy Aquino International Airport. Said Vegetables were packed in 45 cartons with each carton weighing 5 kgs and having a dimension of 9”x12”x18”. The covering invoice shows total FCA value of $1,150 while the airfreight charges were paid based on the IATA freight rate of $2.00 per kgs. Compute for the Dutiable Value in $

• $ 1,675

• $ 1,680

• $ 1,670

• $ 1,600

1.    A shipment categorizes as general cargo consigned to BPT Trading arrived at POM with total CFR Value of $30,750. The Ocean freight charges indicated in the commercial invoice amounted to $2,750 while the covering bill of lading shows freight $2,800, no local insurance was secured by the importer. Compute for the dutiable insurance.

• $ 559

• $ 560

• $ 1,120

• $ 1,118

An LCL shipment STC: 3,600 pieces of Umbro Metal Screws from Germany was valued at Euro 16.55 per dozen, CIF. The freight per cubic meter at Euro 124.11, while the other charges at Euro 0.0414 per piece. If the total volume of the shipment is 212. Cubic feet, determine the dutiable freight when the applicable exchange rates are P42.50/ $1USD and P51.3665 / Euro.

• $ 900.49

• $ 950.50

• $ 945.45

• $ 920.32

National Food Authority has a Shipment containing 7,500 bags of well milled rice from Vietnam with a DPU amount of $ 47,945.00 while the declared Freight per invoice amounted to $ 4,500.00 and freight per BL is equal to $ 4,600.00 if the Origin Inland freight is $ 1,325,00 and Destination Inland freight is $ 1,150,00 while the Unloading charges is $ 565.00 (buyer's warehouse) find the Dutiable value considering that the Exchange Rate is P 55.274/$ 1.00 and the goods are delivered by the seller on board carrying vessel.

• ₱ 2,654,379.08

• ₱ 2,643,542.45

• ₱ 2,732,644.16

• ₱ 3,115,842.12