TRECE MARTIRES CITY COLLEGE

TARM 103 CUSTOMS VALUATION SYSTEM

ASSIGNMENT: DUTIABLE VALUE Exch. Rate : P48.150/$1.00

FIND: TOTAL DUTIABLE VALUE
Problem no. 1
Consignee : National Food Authority
Problem no. 6
Shipment :1,500 bags – Rice
Shipment : Chemicals
Total DAP : $22,800.00
Total CPT : $25,594.00
Total FRT/INV : $2,200.00
Total FRT/INV : $2,444.00
Total FRT/BL : $2,388.00
Total FRT/AWB : $2,400.00
Dest. Inland FRT: $300.00
Exch. Rate : P 48.850/$1.00
Exch. Rate : P48.150 / $1.00
FIND: TOTAL DUTIABLE VALUE
FIND: TOTAL DUTIABLE VALUE
Problem no. 7
Problem no. 2 Shipment : 1x20’, van – Frozen Boneless
Shipment : 2x40’ STC: Chicken Wings Beef
Origin : Xiamen, China Origin : Los, Angeles, USA
Total FOB : $21,000.00 Total FOB : $25,625.00
Total O/FRT : $3,500.00 (w/o Cert. from TOTAL FRT : $3,110.00 (w/o cert. from
Shipping lines) shipping lines)
Exch. Rate : P48.275 / $1.00 Total Dut. INS : $1,025.00
FIND: TOTAL DUTIABLE VALUE Exch. Rate : P 48.275/$1.00
FIND: TOTAL DUTAIBLE VALUE

Problem no. 3 Problem no. 8

Shipment : Perishable Cargo Shipment : Denatured Alcohol
Total FCA : $10,750.00 Total CIF : $29,970.00
Total FRT/SAD : $1,074.00 Total FRT/INV : $2,150.00
Total FRT/IATA : $1,535.00 Total FRT/BL : $2,175.00
Exch. Rate : P48.815 / $1.00 FIND: Dutiable Insurance per CMO 22-2007
FIND: TOTAL DUTIABLE VALUE
Problem no. 9
Problem no. 4 Shipment : General Cargo
Consignee : National Food Authority Total EXW : $12,750.00
Shipment : Maize in Bulk Total FRT/SAD : $1,100.00
Total FOB : $18,650.00 Total FRT/IATA : $1,675.00
Total FRT/BL : $2,050.00 Other Charges : 3% of FOB
Exch. Rate : P48.915 / $1.00 Exch. Rate : P 48.815/$1.00
FIND: TOTAL DUTIABLE VALUE FIND: TOTAL DUTIABLE VALUE

Problem no. 10
Problem no. 5 Shipment : 2x40’, STC: Frozen Fish Fillet
Consignee : NFA Origin : Guangzhu, China
Shipment : 5,000 bags – Rice Total DPU : $18,385.00
Total CFR : $35,000.00 Origin Inland FRT : $400.00
Total FRT/INV : $3,550.00 Unloading at Buyer’s Warehouse : $100.00
Total FRT/BL : $3,600.00
 TRECE MARTIRES CITY COLLEGE
TARM 103 CUSTOMS VALUATION SYSTEM

Total FRT/BL : $3,350.00 (w/cert. from

shipping lines)
Exch. Rate : P 56.842/$1.00
FIND: TOTAL DUTIABLE VALUE

Problem no. 11
Shipment : 1x20’, STC: Industrial Salt
Total CIP : $7,359.00
Total FRT/INV : $1,600.00
Marine Insurance : $309.00
FRT/BL : $1,750.00
Exchange Rate : P56.602/$1.00
FIND: TOTAL DUTIABLE VALUE

Problem no. 12
Shipment : Various Back Pack
Total Invoice Price : $21,625.75
Inclusive of the ff:
Dest. LCL Charges : $110.00
Origin Inland FRT : $90.00
Dest. Inland FRT : $120.00
FRT per AWB : $1,850.00 (prepaid)
Exch. Rate : P48.175/$1.00
FIND: TOTAL DUTIABLE VALUE

13 – 15 (3 points
Use the attached commercial invoice, house
AWB and Master AWB to determine the total
dutiable value.