Posts

How can calculate Total Tax Incidence for Bangladesh Customs

-
.       How can calculate Total Tax Incidence (TTl)? If importing invoice value is $ 38,780.82. Calculate TTI under Terms FOB,CIF/CFR. When, Exchange rate Tk 79.47=1$ AV= Assess Value=? CD = Customs Duty = 25% RD =Regulatory Duty = 3% SD =Supplementary Duty = 20% VAT = Value Added Tax =15% AIT= Advance Income Tax = 5% ATV = Advance Trade VAT = 4% FOB/ CFR : AV= Inv. Value +Freight+Insurance+Landing Charges CIF/ : AV= Inv. Value + Landing Charges Now, C alculateAssess Valueunder CFR: Assess Value: Invoice Value                          $ 38,780.82 (+)   Insu. 1%                            $387.81             ...
Post a Comment
Read more

Shipping & Logistics dictionary

-
Logistics dictionary A ALL IN (All Inclusive)  – Freight rate includes all costs associated with a particular shipment, no surcharges apply ATA (Actual Time of Arrival) – Actual time of a shipment’s arrival ATD (Actual Time of Departure) – A shipment’s actual time of departure B B/L (Bill of Lading) – Sea freight manifest issued to the cargo title holder by the forwarder BAS (Base Rate) – Basic freight rate BAF (Bunker Adjustment Factor) – Adjustment factor by which the base rate is adjusted depending on current fuel market price Booking – Reservation of all/partial cargo space of a shipping vessel C CAF (Currency Adjustment Factor) – Currency rate fluctuation adjustment factor added to the base rate. The rate is determined monthly or quarterly, usually a percentage of the base rate Carrier  – Person using own or leased vehicle to transport good on the basis of agreement with the sender Certificate of Origin – Documen...
Post a Comment
Read more

Shipping Terms & Glossary

-
Image
Shipping Terms & Glossary Incoterms 2000 When negotiating an international sales contract, both parties need to pay as much attention to the terms of sale as to the sales price.  To make it as clear as possible, an international set of trade terms (INCOTERMS) has been adopted by most countries that defines exactly the responsibilities and risks of both the buyer and seller including while the merchandise is in transit. The following is a definition for each term about the responsibilities of both the buyer and seller for each of the current 13 INCOTERMS. Origin Terms: EXW Ex-Works, named place where shipment is available to the buyer, not loaded. The seller will not contract for any transportation. ...
Post a Comment
Read more

Air & Ocean freight terms

-
Abbreviations Incoterms 2000 (named place will follow the delivery terms) EXW - Ex Works FCA - Free Carrier FOB - Free on Board FAS - Free Alongside Ship CFR - Cost and Freight CIF - Cost Insurance and Freight CPT - Carriage Paid To CIP - Cost and Insurance Paid To DAF - Delivered at Frontier DES - Delivered Ex Ship DEQ - Delivered Ex Quay DDU - Delivered Duty Unpaid DDP - Delivered Duty Paid Air freight terms Ocean freight terms AWB - Air Waybill CHC - Handling Airline Charges CHA - Handling Agent Charges FSC - Fuel Surcharge SSC - Security Surcharge INC - Insurance Charges CC - Charges Collect PP - Charges Prepaid DGR - Dangerous Goods Regulations IATA - International Air Transport Association L/C - Letter of Credit LAR - Live Animal Regulations NCV - No customs Value NVD - No Value Declared for Carriage TACT - The Air Cargo Tariff VAL - Valuable Cargo BAF - Bunker Adjustment Factor B/L - Bill of Lading CAF - Currency Adjustment Factor CY -...
Post a Comment
Read more

Swift massages understanding

-
Page - 1 SWIFT CATEGORY 1 MESSAGE - MT103 ONLY Field Tag Field Name Required contents for Straight-through Messages :20 Transaction Reference Number Sender's Unique Number :23B Bank Operation Code Use ‘CRED’ unless otherwise specifically agreed. :32A Value Date/Currency/Interbank Settled Amount YY MM DD CAD Amount :33B Currency/Original Ordered Amount ccyAmount :50A or :50K Ordering Customer Definition: The customer ordering the transaction Format: A – Account # & BIC/BEI K – Account # & Name and Address :52A Ordering Institution If required, Use only Option A If "Sending Bank" has more than 1 account in same currency with Scotiabank, message will not be a straight through, unless each account has a unique SWIFT TID. :53B Sender's Correspondent Definition: Use only where there are multiple account relationships in the currency of the transaction, between the Sender and the Receiver and one of these accounts is to be used for ...
Post a Comment
Read more

Apparel Buyer's

-
1 ABERCROMBIE   2 PVH   3 H & M 4 H & M 5 H & M 6 COPPLER CORP. 7 MGB METRO (EXPLORE FASHION)   8 PVH (JUNE)   9 H & M 10 PVH (JULY)   11 DILLARS 12 GAP   13 PVH (AUGUST) 14 MERILL & FORBES 15 J C PENNY 16 LI & FUNG (OSHKOSH)   17 GAP (OLD NAVY)   18 PVH (SEPT) 19 TARGET   20 LI & FUNG (OSHKOSH)   21 EJ MANUFACTURING INC 22 H & M 23 LI & FUNG (CARTER'S)   24 OSHKOSH 25 PVH (OCTOBER)   26 LI & FUNG (CARTER'S)   27 BONNIE TOGS CHILDREN'S   28 POOF APPAREL CORP. 29 MACY'S   30 LEISURE LINE 31 PVH 32 PVH (NOVEMBER)   33 GAP ...
Post a Comment
Read more