To calculate landed cost of imported goods

Cool Aqua (Director) (60 Points)

16 June 2013  

Dear All,

I need help to fine tune my INR landed cost calculations for imported goods.  Below is what I use

at present with various heads of levies & duties as applicable as per specified pecentage rates.

 

NETT EXW USD Unit Price =   100
Qty =   1
Total EXW USD Price =   100
     
Packing Charges 3.00% 3
Inland Freight upto nearest port of exit 5.00% 5
FOB/FCA charges 3.00% 3
Airfreight / Seafreight / Insurance Charges upto India 15.00% 15
CIF USD Price =   126
     
Currency Exchange Rate   55
(5% variation inbuilt taken-care)    
     
INR Price =   7,277
     
Basic Customs Duty 7.50% 546
CVD (same as excise duty rate) 10.00% 782
Education Cess on CVD/Excise 3.00% 23
SAH Education Cess on CVD/Excise 1.00% 8
Education Cess on Customs Duty 3.00% 41
SAH Education Cess on Customs Duty 1.00% 14
Special CVD u/s 3 (5) {refundable} 4.00% 348
Clearance 3.00% 218
Octroi 4.00% 291
Local Transportation 3.00% 218
     
Landed Cost INR =   9,765

Appreciate if you please review the above heads & their percentages and let me know if any corrections needs

to be applied.  Thank you very much.