CAd 313 Flashcards
Formula for DV
DV=FOB+D.FRT+D.INSURANCE+O/C if any
FORMULA FOR VAT IN FORMAL ENTRY WITH ET
VAT=DV+CUD+BC+BF+AC+WD+IPF+CDS=LC+ET X .12
Formula of TV
TV=PAPP+MA-PD
FORMULA FOR VAT IN FORMAL ENTRY WITHOUT ET
VAT=DV+CUD+BC+BF+AC+WD+IPF+CDS=LC X .12
FORMULA FOR VAT IN INFORMAL ENTRY WITHOUT ET
VAT=DV+CUD+BF+CDS=LC X .12
FORMULA FOR VAT IN INFORMAL ENTRY WITH ET
VAT=DV+CUD+BF+CDS=LC+ET=VB X .12
LC=VB IF THERE IS NO ET
TRUE
BF FOR FORMAL ENTRY PROCESS IF THE DV OF SHIPMENT IS UP TO 10K
P 1,300
BF FOR FORMAL ENTRY PROCESS IF THE DV OF SHIPMENT IS OVER 10K-20K
P 2,000
BF FOR FORMAL ENTRY PROCESS IF THE DV OF SHIPMENT IS UP TO OVER 20K-30K
P 2,700
BF FOR FORMAL ENTRY PROCESS IF THE DV OF SHIPMENT IS UP TO OVER 30K-40K
P 3,300
BF FOR FORMAL ENTRY PROCESS IF THE DV OF SHIPMENT IS UP TO OVER 40K-50K
P 3,600
BF FOR FORMAL ENTRY PROCESS IF THE DV OF SHIPMENT IS UP TO OVER 50K-60K
P 4,000
BF FOR FORMAL ENTRY PROCESS IF THE DV OF SHIPMENT IS UP TO OVER 60K-100K
P 4,700
BF FOR FORMAL ENTRY PROCESS IF THE DV OF SHIPMENT IS UP TO OVER 100K-200K
P 5,300
BF FOR FORMAL ENTRY PROCESS IF THE DV OF SHIPMENT IS EXCEED OF 200K
BF= DV x0.00125+P 5,050
BF FOR INFORMAL ENTRY PROCESS
P 700
BF FOR EXPORT DECLARATION
ONE HALF OF THE IMPORT RATES
OTHER SERVICES
- OBTAINING SHIPSIDE PERMIT- P 1,300
- OBTAINING TRANSFER PERMIT- P 1,300
- WITHDRAWAL ENTRY (WAREHOUSING ENTRIES)
A. COMPLETE WITHDRAWAL- P 2,000
B. PARTIAL WITHDRAWAL- P 1,500 every withdraw
CDS FOR FORMAL ENTRY PROCESS
P 280
CDS FOR INFORMAL ENTRY PROCESS
P 30
IPF FOR INFORMAL AND FORMAL ENTRY UP TO 250K OF DV
P250
IPF FOR INFORMAL AND FORMAL ENTRY OVER 250K- 500K OF DV
P 500
IPF FOR INFORMAL AND FORMAL ENTRY OVER 500K-750K OF DV
P 750
IPF FOR INFORMAL AND FORMAL ENTRY OVER 750K OF DV
P 1,000
HOW MUCH IS THE ET IF THE SHIPMENT IS SUBJECT FOR EXCISE TAX?
20% OF DV
BC if the shipmemt is under LC
BC=DV x 0.00125
Conversion of RT for Actual Port Charges
1RT= 40 ft3
1cbm= 0.883 RT
Conversion for Bd. Ft
Bd. Ft.= in x in x ft/144
Bd. Ft.= cubic feet 0r ft3
Conversion of RT for Assessment Purposes
1RT=1MT
Conversion of MT
1MT=1,000KGS
1MT=1RT
FORMULA FOR CUD
CUD= DV x ROD (ATIGA/MFN)
CONVERSION OF LB TO KG
1LB=0.4536KGS
CONVERSION OF CBM TO ft3
1CBM=35.31445 ft3
Class 1- Explosives
Ammonium Nitrate, Ammunition, DYNAMITE, FIREWORKS, DENOTATING TUSER, GUN POWDER, GRENADES, BOMB, EXPLOSIVES, AND FERTILIZERS
Class 2- Gasses
ACETYLENE (DISSOLVE), CARBON MONOXIDES, FIRE ESTINGUISHER, NITROGEN PEROXIDES, AEROSOL DISPENSER’S AND NATURAL GAS
Class 3- Inflammable Liquids
ACETONE, INDUSTRIAL ALCOHOL, PAINT, VARNISH, THINNER, INK, ALCOHOL BEVERAGES, NAPTHA CONDENSATE, PARAFFIN WAX, ASHPHALT, TRANSFORMERS OIL, AND HYDRAULIC BRAKE FLUID
Class 5- Oxidizing Agents/ Organic Peroxides
CALCIUM PEROXIDES, HYDROGEN PEROXIDES, ZINC PEROXIDES, FERRIC NITRATE, NICKLE NITRATE, AND SODIUM PERMANGANATE
Class 4- Inflammable Solids
ANIMAL AND VEG. FIBERS, MOTION PICTURES AND X-RAY FILMS, SCRAP RUBBER, MATCHES, JUTE (DRY), KAPOK (DRY), AND STRAW
CLASS 6- Poisonous (toxic) infectious substances
CHLOROFORM, CYANIDES, PESTICIDES, POTASSIUM ACETATE, TEAR GAS GRENADES, LEAD ACETATES AND NICOTIN COMPOUND
Class 7- Radioactive substances
COBALT, URANIUM, IRIDIUM, THORIUM, BERYLLIUM, RADIUM, NEODYMIUM, AND TERBIUM
Class 8- Corrosives
MURIATIC ACID, NITRIC ACID, SULFURIC ACOD, BATTERIES FILLED WITH ACID AND HYDRAULIC ACID
Class 9- Irritants or miscellaneous dangerous substance
BLEACHING POWDER, COAL, SODA ASH, CEMENT, FISH MEAL, SODIUM