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Computation With Dumping Duty (R.A 8752)

This document contains two summaries of computations related to import duties in the Philippines: 1) ABC Corporation imported wheat flour from Australia. The total duties, taxes, and other charges due were ₱417,531, including ₱99,055 in customs duty, ₱183,684 in VAT, and ₱132,995 in anti-dumping duty. 2) Xyz Corporation imported apples from China that were found to have no markings. The total duties, taxes, and other charges due were ₱35,608, including ₱9,474 in customs duty, ₱18,586 in VAT, and ₱6,767 in marking

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Mariel Boncato
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332 views

Computation With Dumping Duty (R.A 8752)

This document contains two summaries of computations related to import duties in the Philippines: 1) ABC Corporation imported wheat flour from Australia. The total duties, taxes, and other charges due were ₱417,531, including ₱99,055 in customs duty, ₱183,684 in VAT, and ₱132,995 in anti-dumping duty. 2) Xyz Corporation imported apples from China that were found to have no markings. The total duties, taxes, and other charges due were ₱35,608, including ₱9,474 in customs duty, ₱18,586 in VAT, and ₱6,767 in marking

Uploaded by

Mariel Boncato
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Computation with

Dumping Duty
(R.A 8752)
ABC Corporation imported from Brisbane,
Australia stc 2X20, 1,800 bags of Australian Wheat
Flour arrived at Port of Manila February 28,2019
with Export Value of $2,000.00 FOB Manila.
Other details as follows:
Normal Value: $27,500.00
Ocean Freight: $1100.00
Rate of Duty: 7% (1101.00.19)
GWT: 43,000 Kg
Rate of Exchange: ₱ 53.198/ $1.00
Compute the total Duties,Taxes and Other
Charges due to the government including Dumping
Duty.
Amount of Customs Duty

EV/FOB $ 25,000.00 (CMO 43-93)


+FRT $ 1,100.00 (given)
INS $ 500.00 (CM0 22-2007)
DV $ 26,600.00 (CMTA sec. 701)
x RE ₱ 53.198 (CMO 14-2002)
DV ₱1,415,066.80
x RD 0.07 (AHTN)
CD ₱ 99,054.68
Amount of Value Added Tax Amount of Dumping Duty
DV ₱1,415,066.80
BC - NV $27,500.00
BF ₱ 6,818.83 (CAO 1-2001) - ExP $25,000.00
CD ₱ 99,054.68 D.Duty: $ 2,500.00
+AC ₱ 7,454.00 (CMO7 -2014) RE ₱ : ₱ 53.198
WD ₱ 1,038.70 (CMO7 -2014) D.Duty: ₱132,995.00
CDS ₱ 265.00 (CMO11-96)
IPF ₱ 1,000.00 (CAO 2-2001) (R.A.8752)
LC ₱ 1,530,698.01
x VR 0.12 (Sec.107 NIRC)
VAT ₱ 183,683.76
Summary:
CD ₱ 99,055.00
VAT ₱ 183,684.00
D.Duty ₱132,995.00
IPF ₱ 1,000.00
CDS ₱ 250.00 (Fixed)
IRS ₱ 15.00
CSF ₱ 532.00
TADTTG ₱417,531.00
Computation with Marking
Duty
(CMTA Sec.710)
Xyz Corporation imported from China 1x20
stc 100 cartons of apples.Upon physical
examination,it was found that the
shipment has no markings therefore
subject to penalty.

Other details as follows:


Customs Value: $2500 CFR Manila
FRT: $ 200
Exchange rate: ₱ 53.160/$1.00
Rate of Duty: 7% (0808.10.00)
Amount of Customs
Duty Amount of Marking Duty
(CMTA Sec.710 par. C )
CFR $2500.00
-FRT $ 200.00 DV ₱135,345.36
FOB $2,300.00 xMDR 0.05
+FRT $ 200.00 M.Duty ₱ 6,767.27
INS $ 46.00
DV $ 2,546.00
xRE ₱ 53.160
DV ₱135,345.36
xRD 0.07
CD ₱ 9,474.18
Amount of Value Added Tax

DV ₱ 135,345.36
BC -
BF ₱ 5,300.00 (CAO 1-2001)
CD ₱ 9,474.18
+AC ₱ 3,727.00 (CMO7 -2014)
WD ₱ 519.35 (CMO7 -2014)
CDS ₱ 265.00 (CMO11-96)
IPF ₱ 250.00 (CAO 2-2001)
LC ₱ 154,880.89
x VR 0.12 (Sec.107 NIRC)
VAT ₱ 18,585.71
Summary:
CD ₱ 9,474.00
VAT ₱ 18,586.00
M.Duty ₱ 6,767.00
IPF ₱ 250.00
CDS ₱ 250.00 (Fixed)
IRS ₱ 15.00
CSF ₱ 266.00
TADTTG ₱ 35,608.00

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