A shipment of 50 boxes containing laptops from China arrived at Port of Cebu and was covered by letter of credit with total CPT value of $28,700.00 inclusive of freight charges of $3,000.00 while the air waybill shows air freight charges of $3,100.00. Inclusive of value-added tax, how much is the total bank charge? Use rate of exchange P41.75/$1.00.

Gray Corporation imported 200 sacks of cement from Australia. The shipment arrived at Port of Manila with each sack weighing 170 pounds. How much is the total wharfage dues paid to BOC?

A shipment of 10 x 40’ vans containing straws from Japan arrived at South Harbor. Each container weighs 20,000 kilograms. How much is the total arrastre charges inclusive of value-added tax?

A shipment of 8 x 40’ vans containing pesticides from Japan arrived at Port of Manila. Each containers weighs 24,00 kilograms. How much is the total wharfage charges inclusive of value-added tax?

A shipment of 50 crates of galvanized coil arrived at South Harbor. Each crate had a gross weight of 1,000 pounds. The total volume is 22 cubic meters. If pierside discharging is made, compute the arrastre charges paid to BOC.

An importation of 5 x 40 FCL: STC General Merchandise arrived at Port of Manila. If the discharged was pier side, calculate the amount of wharfage due for purposes of filing the SAD.

Cyrene Furniture’s imported 100,000 pieces of logs from Thailand in 6” X 8” X 12’ per piece, to be discharged at Manila International Container Port. Calculate the amount of arrastre charge for purposes of computing the value added tax.

Find total landed cost if a shipment has a total dutiable value of P3,560,000.00. The rate of duty is 10%, miscellaneous expense is P35,000.00 and the excise tax amounts to P800,000.00.

It is a customs fee paid by the importer for services rendered and documents issued by the Bureau of Customs.

It is an expense paid for the services rendered by a customs broker or customs brokerage firm for making, signing and filing of the required import or export entry for final release from Bureau of Customs.

It is an expense paid by the importer to the banks for their services.

A shipment of 2 x 40’ vans containing inflammable cargo arrived at South Harbor. The covering invoice shows total FOB value of $45,000.00 and freight charges of $3,200.00 and marine insurance of $1,500.00. The bill of lading shows ocean freight charges of $3,300.00. The rate of exchange was P48.50/$1.00. How much is the total dutiable value?

A shipment of 2 x 40’ vans containing inflammable cargo arrived at South Harbor. The covering invoice shows total FOB value of $45,000.00 and freight charges of $3,200.00 and marine insurance of $1,500.00. The bill of lading shows ocean freight charges of $3,300.00. The rate of exchange was P48.50/$1.00. How much is the bank charge if said shipment is under letter of credit inclusive of VAT?

A shipment of 2 x 40’ vans containing inflammable cargo arrived at South Harbor. The covering invoice shows total FOB value of $45,000.00 and freight charges of $3,200.00 and marine insurance of $1,500.00. The bill of lading shows ocean freight charges of $3,300.00. The rate of exchange was P48.50/$1.00. How much is the brokerage fee net of VAT?

A customs broker processes a formal entry shipment with a dutiable value of P85,000.00. Based on the standard brokerage fee schedule for formal entries, how much should the broker charge?

A licensed customs broker handles an export entry with a dutiable value of P45,000.00. Based on the prescribed brokerage fee schedule for export entries, how much is the correct brokerage fee?

A shipment of 100 metric tons of cement was filed and entered for warehousing with total dutiable value of P2,500,000.00. Thereafter, seven partial withdrawals were made to take out the whole shipment. Compute the total brokerage fee billed to the importer.

A shipment declared under formal entry has a dutiable value of P680,000.00. Based on the Import Processing Fee schedule, how much should be paid?

A shipment of 5 boxes containing washing machines arrived at NAIA. The shipment was assessed with total dutiable value of P433,160.00. The rate of duty was 7% and the rate of exchange was P45.50/$1.00. The total excise tax was assessed at P86,632.00. Compute the total landed cost.