Actual freight or 20% of the FOB value of the goods, whichever comes first. 1) In cases where the cost of freight/transport is unknown, the cost shall be calculated as 20% of the FOB value of the products.
The freight and insurance costs must be added to determine the CIF value. Freight is calculated at 20% of the FOB value. This equals USD 200.00. The insurance rate is 1.125 percent - USD 13.00. (rounded off).
Ex-factory price + other costs = FOB value
(b) Other Costs in the FOB value calculation refer to the costs of loading the products onto the ship for export, such as domestic transportation costs, storage and warehousing, port handling, brokerage fees, service charges, and so on.
The assessable value of items imported under the Cost, Insurance, and Freight (CIF) Incoterm is CIF plus the customs handling fee (of one percent). Simply include the cost or invoice value of the products, as well as insurance and freight fees, to get the CIF value.
Import Value = The total amount spent by the home country on goods and services imported from other countries.
Learner's Ratings
4.8
Overall Rating
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Reviews
J
Jay Vyas
5
This is just awesome course. I gained so much knowledge about Import-Export Business by learning this course.
LearnVern, you are doing an awesome job by teaching for free.
G
Gourav kumar saini
5
good
G
gopi krishna acharya
5
Amazing Practical approach to Export and Import Trading. Should be most useful for beginners.
G
gopi krishna acharya
5
Most Simple , Lucid explanation of intricate procedures involved in the Business of Exports N Imports. Thanks to Sri Kunal Sir and the Architects of the Course.
Y
Yadvendra Kumawat
5
कोर्स के अंदर जो आप प्रक्रिया बताते हैं उसे कैसे संबंधित दस्तावेज भी बताएं और दस्तावेजों में को कैसे भरना है इससे संबंधित भी वीडियो बनाएं बहुत अच्छा होगा
M
Mohammad Altaf
5
I wants to write lots of things for appreciate but firstly I need to confirm one doubt. But it's very useful.
D
Dinesh Kumar
5
यह कोर्स मेरे लिए उतना ही प्रभावशाली और जरूरी है जैसे एक इंसान को सांस की जरूरत होती है
L
Limbasiya Dax
5
Very good 👍🏻😊
H
Harshvardhan Maharnur
5
nice
D
Dinesh Kumar
5
Mere Hisab Se Isase Accha Course Ho Hi Nahi Sakata Etana Details Me Aur Etena Acchi Tarah Se Samajhaya Gaya H Ki Age Kucch Kahane Ke Liye Nahi Bachata Agar Ek Shabd Me Kahun To Superb.
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