Question: a customs broker have been requested by a client to assess the total amount of duties, he would be liable to pay to the Customs
a customs broker have been requested by a client to assess the total amount of duties, he would be liable to pay to the Customs Agency for a particular shipment of goods. The shipment will contain 800 cartons, with each carton containing 200 sticks of cigarettes. The customs broker advised that the import duty (ID) on cigarettes is 40% and the special consumption tax specific (SCTS) is $17,000 JMD per 1000 sticks. The client advises you that the invoice is $3500.00USD (FOB) Given that: General Consumption Tax (GCT) is 20% CAF is $1 per stick plus $10,000.00 for the container - examination Standard Compliance Fee (SCF) is 0.3% Environmental Levy (Envl) is 0.5% Stamp Duty is $5000.00JMD Exchange ratio is 1USD: 145JMD Shipping cost is $600USD Calculate all duties and taxes payable and the total sum payable by your client to the Jamaica Customs Agency for this shipment
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