Customs Formula: Duties, Taxes, and Other Charges
INTRODUCTION:
This is a Python package
that I personally made to compute the customs duties, taxes, and other charges. A sample
Command-Line Interface (CLI) calculator project using this package will be posted on my GitHub repo soon. Further
improvements will be made on this.
NOTES:
These are the duties, taxes, and other charges that will be computed by using this package:
Note: The package is still incomplete since it does not handle the situations where there are missing components and the backward computation of each computation.
Total Landed Cost
- Formal Entry
- Sea
- Air
- Informal Entry
- Sea/Air
Components of Landed Cost
- Dutiable Value (DV)
- Sea
- Air
- Customs Duty (CUD)
- Bank Charge (BC)
- Brokerage Fee (B/F)
- Formal Entry
- Arrastre Charge (A/C)
- Outports
- Shipside
- Pierside
- Port of Manila (POM) and Manila International Container Port (MICP)
- Containerized Cargo (FCL)
- Import
- Export
- Shut-out Export
- Bulk or Break-bulk Cargo (LCL)
- Import
- Export
- Containerized Dangerous Cargo
- Class 1, 6, and 8
- Class 2, 3, 4, and 7
- Class 5 and 9
- Containerized Cargo (FCL)
- Outports
- Wharfage Due (W/D)
- Outports
- Shipside
- Pierside
- Port of Manila (POM) and Manila International Container Port (MICP)
- Containerized Cargo (FCL)
- Import
- Export
- Bulk or Break-bulk Cargo (LCL)
- Import
- Export
- Containerized Dangerous Cargo
- 20 Footer Container
- 40 Footer Container
- Containerized Cargo (FCL)
- Outports
- Import Processing Fee (IPF)
- Customs Documentary Stamp (CDS)
- Formal Entry
- Informal Entry
Value-Added Tax (VAT)
- Excise Tax Shipments
- Non-Excise Tax Shipments
Summary of Payments (SOP)
- Covered by Letter of Credit (L/C)
- Covered by Non-Letter of Credit
- Covered by Informal Entry
Container Security Fee (CSF)
- 20 Footer Container
- 40 Footer Container
Pro-Rata
- Individual Freight
- Individual Insurance
- Individual Dutiable Value
- Individual Miscellaneous Expense