1. Import tariff calculation formula?

The amount of import tariff levied on an ad valorem basis = the dutiable value of imported goods (i.e. CIF) × the import ad valorem tariff rate?

Several commonly used price conversions: CIF=FOB+freight+insurance

CIF=(FOB+freight)/(1-insurance rate)?

2. The formula for calculating the duty-paid value of exported goods:

Formula 1: Duty-paid value of exported goods = FOB price (FOB China port) - Export tariff

Formula 2: Duty-paid value of exported goods = (FOB Chinese domestic port)/(1+export tariff)

3. Import tariff definition: The CIF price of imported goods (i.e. the CIF price of the goods) based on the transaction price approved by the customs is as Duty paid price. The CIF price includes the price of the goods, plus packaging fees, freight, insurance and other labor costs before the goods arrive at the entry point within the territory of the People's Republic of China and the customs for unloading.

4. Export tariff definition: Export goods shall be based on the FOB price of the goods sold overseas as approved by the customs, after deducting the export tariff, as the duty-paid value. When the FOB price cannot be determined, the customs value shall be assessed by the customs.

5. Note: The above formula only explains the relationship between the "duty-paid price of export goods", "FOB price (FOB China port)" and "export tariff". In actual calculation It's not of much use.

Extended information

Tariff collection method

1. Ad valorem tariff: Tariffs are levied based on the price of imported and exported goods as the standard. Ad valorem tax = total price of goods * ad valorem tax rate

2. Specific tariff: Quantitative tariff is levied according to the unit of measurement of the quantity of imported and exported goods. Specific tax amount = quantity of goods * specific tax per unit

3. Mixed tariffs: A mixed ad valorem and specific tax on imported and exported goods according to various needs.

4. Selecting tariffs: It means that there are two tariff rates, specific and ad valorem, for the same kind of goods. When taxing, choose the tariff with the larger tax amount, or you can Choose the one with the smaller tax amount as the tax calculation standard.

5. Sliding tariff: A tax whose tariff rate is set from low to high as the price of imported goods increases from high to low. It can play a role in stabilizing the prices of imported goods.

Reference materials

Baidu Encyclopedia-Tariffs