CUD

1. Find the customs duty using the aggregate value of bank charge and brokerage fee
amounting to P10,000 and rate of duty of 10%.

Given:
BC P10,000
BF
ROD – 10%

10,000 = DV x 0.00125
10,000 - 5050 = 0.00250
4950 = 0.00250
0.00250 0.00250
= P1,980,000 x 0.10
CUD = P198,000

2. An importation paid total VAT of p 207,900.00 (without ET) and ocean freight charges of
$ 1,408.70. The total misc. expense was computed at P 7,500.00. Insurance was based on
4% of the total FOB and rate of duty was 15% ad valorem. Compute for the customs
duty.

DV + CUD = 1,732,500 – 7,500

1.15 = 1,725,000
1.15 1.15
DV = P 1,500,000 x .15
CUD = P 225,000

3. Manila Cordage, an industrial rope maker imported 1x40FCL STC: 26-Pallets PFY 1500
Denier High Tenacity Polyester Yarn from China at 3% duty. The importation has an FOB
value of US$600.00, Gross weight 19,220.00 kgs and net weight 18,900 kgs. If the
exchange rate upon filing of the IEIRD together with COO/Form ‘D’ was at
Php43.616/US$1.00. Determine the appropriate duties customs duty.

FOB - $ 34,598 DV - $ 36,236.93

FRT - $ 600 x 43.616
INS - $ 698.76 DV P 1,580,509.94
DV - $ 36,236.93 x .04
CUD – P 47,415.30
VAT
1. A shipment of various hardware items arrived at Port of Manila contained in 20 wooden
crates. Each crate had a dimension of 18 in x 30 in x 48 in and weighs 300 kgs. The total
ocean freight charges paid was based on freight rate of $ 300 per cubic meter. The total
CFR value and exchange rate were $ 18,000 and P 43.075/$ 1.00, respectively. If the
imported paid local insurance premium amounting to P 10, 768 and for which no
certification and OR were secured, how much is the total amount of value added tax? Use
5% as the rate of duty.

Given: DV – P 900, 698.25

FOB - $ 18,000 CUD – P 45, 034.91
INS - $ 360 BF – 6, 175.87
FRT - $ 2,550 AC – 994.5
WF – 259.68
$ 20,910 IPF – 1000
x 43.175 CDS – 280
LC = P 954, 443.21
DV = P 900, 698.25 x .05 x .12
CUD = P 45, 04.91 VAT = P 114,533.19

2. Century Canning Corporation imported from Alaska 200 cartons of frozen tuna with total
FCA value of $ 18,000. However, the IATA freight rate was $ 1.20/kg, with actual gross
weight of 2, 800 kgs while the dimension of each box was 12 in x 18 in x 24 in.
Determine the total amount of VAT due in the shipment if the rate of duty is 3%.

Given: DV = P 1,104,000 x .03

200 ctrns x 2, 800kgs = 560, 000kgs CUD = P 33,120
1 ctrns
200 ctrns x 12 in x 18 in x 24 in x DV – P 1,104,000
1kg CUD – P 33,120
1 ctrns BF – 1,380
= 2,832.79kg AC – 844 x 28 = 23,632
IATA FRT = 560, 000 kgs x $1.20/kg WF – 855.4
= 672, 000 CDS – 280
FCA - $ 18, 000 IPF – 1000
FRT - $ 3,300 LC = P 1,164,267.4
INS - $ 720 .12
DV $ 22, 080 VAT = P 139,712.09
x 50
 3. Mr. Racetin imported wooden tables from Croatia with a total FOB of $ 960, Freight of $
200, ATIGA rate is at 0% and 10% MFN. Find the total amount of VAT.

Given: DV = P 58,960 x .10

FOB – P 960 – P 48,000 CUD = P 5,896
FRT - $ 200
MFN – 10% DV = 58,960
LC = ? CUD = 5,896
E/R = P 50/$1.00 BC = 700
DV P = FOB + FRT + INS CDS = 30
= $ 960 + $ 200 + $ 19.2 LC = P 65,586 x .12
= $ 1179.2 x 50 VAT = P7,870.32

TADG

1. A less container load shipment was valued with total landed cost amounting to P
325,000.00 and miscellaneous expense of P 15,750.00 at 30% rate of duty. Determine the
final duties and taxes payable to the Bureau of Customs.
CUD = P 71,365.38
DV + CUD + ME = LC
CUD – P 71,365
DV + DC 30% + P 15,750 = P
VAT – P 39,000
325,000
ET – 0
DV 1.30 = 325,000 – 15,750
IPF – 250
DV 1.30 = P 309,250
CSF – 0
a. 1.30
CDS – 280
DV = P 237,884.62 TADG – P 110,895

2. A shipment of several packages was declared with total landed cost amounting to P
575,000.00 and miscellaneous expense of P 18,700.00. Upon filing of importer’s entry, an
advance payment of P 92,000.00 on customs duties was made as requirement of opening
of letter of credit. Determine the final duties and taxes payable to the Bureau of Customs
if the rate of duty was 20%.

LC = DV + CUD + ME 556,300 = 1.20 DV

575,000 = 1DV + .20 + 18,700 1.20 1.20
575,000 = 1.20 DV + 18,700 P 463,583.33 = DV
575,000 – 18,700 = 1.20 DV DV = 463,583.33 php
556,300 = 1.20 DV CUD = 92,716.67
 ME = 18,700 IPF – 500
LC = P 575,000 x .12 CDS – 280
VAT = P 69,000 CSF – 0
CUD – 92,717 TADG = P 162,497
VAT – 69,000
ET – 0
3. Manila Cordage, an industrial rope maker imported 1x40FCL STC: 26-Pallets PFY 1500
Denier High Tenacity Polyester Yarn from China at 3% duty. The importation has an FOB
value of US$600.00, Gross weight 19,220.00 kgs and net weight 18,900 kgs. If the
exchange rate upon filing of the IEIRD together with COO/Form ‘D’ was at
Php43.616/US$1.00. Determine the appropriate duties, taxes and other charges payable to
BOC.

FOB - $ 34,598 DV – P
FRT - $ 600 1,580.509.94 CUD – P
INS - $ 698.76 CUD – 47,415
DV - $ 47,415.30 VAT – P
36,236.93 BF – 7,025.64 197,467
x 43.616 AC – 8,551 ET – 0
DV P WD – 779.05 IPF – 1000
1,580,509.94 IPF – 1000 CDS – 280
x .04 LC = P CSF – P 436
CUD – P 1,645,560.93 TADG = P
47,415.30 .12 246,598
VAT = P
197,467.31

PRORATA

Amount R/D
Item 1 $ 2,500 10%
Item 2 $ 1,500 20%
Item 3 $ 3,000 30%
Other Info:
a.) Total FRT - $ 700 c.) Total DV – P 341,040
b.) Total ME – P 14,478.65
Find:
 1.) FRT1 3.) LC3
2.) CUD2

1. FOB1 $ 2,500 FRT1

T.FOB $ 7,000 T.FRT $ 700
FRT1 = $ 250
2. FOB2 $ 1,500 DV2
T.FOB $ 7,000 T.DV P 341,040

DV2 = P 73,080
CUD = P 14,616
3. FOB3 $ 3,000 DV3
T.FOB $ 7,000 T.DV P 341,040
DV = P 146,160 x.30
CUD = P 43,848
FOB3 $ 3,000 ME
T.FOB $ 7,000 T.ME P 14,478.65
ME = P 6,205.14
DV + CUD + ME
146,160
+ 43,848
6,205.14
LC3= P 196,213.14
SEMESTRAL
OUTPUT
CAD 313
Collarin, Lady Joanne S.
BSCA 3104