CALCULATION OF CUSTOMS PAYMENTS
The final cost of the product depends not only on the amount spent on bulk purchases, but also on all the costs hidden from the eyes of the average consumer, such as rent, marketing, payroll, and foreign economic activity. In particular, this includes the cost of delivery, storage, taxes and customs payments.
Customs payments are the costs of import (import) and export (export) duties, excise, VAT, customs duties.
Experienced market players are advised to calculate the cost of transportation, storage and customs payments before concluding a sale and purchase transaction.
To calculate customs payments, you need to know the product code, its customs value and country of origin.
The product code in accordance with the HS code of the EAEU can be determined independently or with the involvement of a customs representative. In cases where you are going to import disassembled equipment in several consignments or goods with complex technical characteristics that cause discrepancies in classification, it makes sense to foresee the risks and attend to obtaining a class solution.
Correctly defined product code, reliable information about the country of origin and customs value allow:
Customs duty is a mandatory payment that is collected from the importer when the goods cross the border. Its size is indicated in the classification decision of the TN VED. Customs duties are classified depending on the types of rates and are:
The amount of the rate depends on the product code and country of origin. They are reviewed on a regular basis. Sometimes, for certain groups of goods, special conditions are introduced that imply an increase / decrease / cancellation of rates.
VAT CALCULATION
Налогом на добавленную стоимость облагаются только те товары, которые вывозятся с территории Узбекистана. В зависимости от вида продукции размер налога может быть 0% и 15%. Value added tax is levied only on those goods that are exported from the territory of Uzbekistan. Depending on the type of product, the tax can be 0% and 15%.
CALCULATION OF EXCISES
Only certain types of goods are subject to excise duty, mainly products containing alcohol and tobacco. To calculate the excise tax, it is necessary to calculate the following indicators: the volume of imported products, its customs value and the amount of duties.
The customs value of goods is the amount of costs incurred by a participant in foreign economic activity (FEA) for the purchase of goods, their insurance and transportation to the territory of Uzbekistan.
The obligation to determine the customs value of the goods lies with the participant in foreign economic activity or with the customs representative who submits the customs declaration on his behalf and on behalf of him.
The declarant must correctly determine the customs value of the goods transported by him, justify it by providing supporting documents (contracts, invoices, payments, checks, etc.), independently or with the help of a customs representative, calculate the amount of customs payments (the amount of customs duties, taxes and fees) and pay them.
In some cases stipulated in the customs legislation, the customs value of the goods is determined by the customs inspector.
Everything is very simple here: a clearance fee is added to the customs value of the goods and VAT is calculated based on the resulting amount. Received VAT, duty and clearance fee - this is the customs payment.
If we are talking about exports, then the amount of customs duty is prescribed in the established list. In the event that the goods are not included in this list, then customs payments are limited only to the clearance fee.
If we are talking about the import of products, then there are no difficulties if the goods are not subject to duties, excises and do not imply any preferences. However, it is best to entrust the calculation of customs payments to a professional customs representative, who calculates them according to the HS code.
The obligation to determine the customs value of the goods lies with the participant in foreign economic activity or with the customs representative who submits the customs declaration on his behalf and on behalf of him.
The declarant must correctly determine the customs value of the goods transported by him, justify it by providing supporting documents (contracts, invoices, payments, checks, etc.), independently or with the help of a customs representative, calculate the amount of customs payments (the amount of customs duties, taxes and fees) and pay them.
In some cases stipulated in the customs legislation, the customs value of the goods is determined by the customs inspector.
It is necessary to pay customs duties within the period of time strictly established by law. They are paid either before or at the time of filing the customs declaration. The declaration must be submitted within two weeks from the date of arrival of the products on the territory of the state.
Payments are made at the cash desk of the customs authority. Important! If you do not comply with the term and procedure for payment, then fines are charged daily, the amount of which depends on the amount of the arrears. In case of non-payment of fines, customs can go to court.
The "BUSINESS TECHNOLOGY CONSULTING" LLC will help save the time you spend on self-calculation of customs duties. Our highly qualified specialists will help you calculate customs payments in advance, which will allow you to conduct a balanced financial analysis of the transaction and accurately plan the import budget.
