2. Study carefully the information extracted from an importers invoice below and answer the questions that...
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2. Study carefully the information extracted from an importers invoice below and answer the questions that follow. DESCRIPTION Filing Cabinets Cookers Suit Cases Additional Information ● Total FOB Exchange Rate Insurance QTY UNIT PRICE FOB VALUE (US$) (US$) ● Total Freight 50 30 100 1100 400 20 Import Declaration Fee (IDF) Railway Development Levy (RDL) 55,000 12,000 2,000 69,000 IMPORT EXCISE DUTY 2 DUTY RATE Required: Compute the Factor What is the amount of Import Duty payable for each item? What is the amount of Excise Duty payable for each item? What is the amount of VAT payable? (%) 25 10 25 RATE (%) 35 0 1 USD=Kshs. 105 Ksh 20,000 1200 USD 3.5% 2% 20 VAT RATE (%) 16 16 16 2. Study carefully the information extracted from an importers invoice below and answer the questions that follow. DESCRIPTION Filing Cabinets Cookers Suit Cases Additional Information ● Total FOB Exchange Rate Insurance QTY UNIT PRICE FOB VALUE (US$) (US$) ● Total Freight 50 30 100 1100 400 20 Import Declaration Fee (IDF) Railway Development Levy (RDL) 55,000 12,000 2,000 69,000 IMPORT EXCISE DUTY 2 DUTY RATE Required: Compute the Factor What is the amount of Import Duty payable for each item? What is the amount of Excise Duty payable for each item? What is the amount of VAT payable? (%) 25 10 25 RATE (%) 35 0 1 USD=Kshs. 105 Ksh 20,000 1200 USD 3.5% 2% 20 VAT RATE (%) 16 16 16
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Lets Calculate Custom duty excise duty and Vat for Filing Cabinets Cooker Suit Cases Particulars Ans... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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