Please note that duties and taxes will be charged to the recipient by default, unless the shipper marks the ‘Bill Shipper’ option on the air waybill at the time of shipping. FedEx will then invoice the receiver for this payment with a disbursement fee for the service. This is generally paid using our own deferment account which operates similar to a bank account with a direct payment to the authorities. The second option is for FedEx to pay the authorities on behalf of the recipient. Duty is usually paid to the authorities at the time of import – except for specific customs procedures authorized in advance. VAT in some countries can be deferred or postponed depending on the import country revenue procedure. The first option is for the receiver to pay the authorities directly for any duties and taxes, usually when the shipment is imported. This value is then multiplied by the duty percentage of the HS code. Goods that are subject to trade defence measures and other restrictions may also incur extra charges.ĭuty is calculated against the value of the shipment contents declared on the commercial invoice, together with any insurance costs and a percentage of the transportation cost. This is known as the Value for Customs. Some commodities are also subject to other charges such as excise duty which is an additional tax based on quantity, examples are goods like alcohol. However, other factors such as origin and reason for import may all contribute to the overall value and percentage of duty and tax applied. In general, the calculations are based upon the goods description provided on the commercial invoice and its HS code. Generally, tax is a percentage of the value of the goods with some goods being zero rated in some countries, such as children’s books and some food stuffs. Tax can be referred to differently depending on the individual country, for example VAT (Value Added Tax) in the UK, GST (Goods and Services Tax) in the U.S., TVA (Taxe sur la valeur ajoutée) in France, BTW (Belasting Toegevoegde Waarde) in The Netherlands and Ust (Umsatzsteuer) in Germany.ĭuty and tax are dependent on the HS code and country of origin. It may be charged at the moment of importation or at the moment of sale in the origin country. One of the most common taxes is Value Added Tax, which is charged on goods bought and sold for use or consumption in a country. The purpose of duty is to ensure the cost of imported goods is the same cost as those produced locally to keep competition fair. Russia’s Surgutneftegaz and Rosneft, were granted quotas to export 620,000 tonnes of crude from Ust-Luga, while 2.18 million tonnes are allocated to Kazakh companies, according to a document signed by Russia’s Energy Ministry and seen by Reuters.Duty and tax are set and charged by the authorities and FedEx applies the rates set by the authorities in the customs declaration.ĭuty is a type of tax charged on products being shipped across international borders and is controlled by each country’s customs authorities. But now, one of the lines is used to ship contaminated oil back to Russia, slowing down the pipeline and limiting capacity for Ust-Luga as Russia seeks to restore exports via Druzhba in full, two industry sources told Reuters. Russian officials have said they prioritized Druzhba routes over other destinations, such as Ust-Luga.Ī Russia pipeline, which feeds the Ust-Luga port and Druzhba, has two parallel lines, which normally pump westwards. Russia has agreed to take back some of the contaminated oil from the portion if the Druzhba pipeline in Belarus, limiting its capacity to pump oil toward Ust-Luga. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Baltic Sea port of Ust-Luga, Russia February 26, 2018.
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