Explain how the export duty free certificate is treated

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Reference no: EM134007627

Problem

Case: Exchange value 400000 Packing paid for by the buyer 1500 Export license 600 Brokerage 2000 Government levy 5000 Export duty free certificate 200 Costs to harbor 6200 Loading 3000 Notes about the consignment: The goods were exchanged for value between an Asian Company and an African state. The Asian company got agricultural produce in exchange for agricultural machinery. The export duty free certificate was required in the country of export so that the goods could not be charged export duty. Giving reason(s) for your answers: (i) State how brokerage is to be treated when calculating FOB. Get the instant assignment help. (ii) State how the government levy is treated when calculating the Customs Value. (iii) Explain how the export duty free certificate is treated when calculating FOB considering that it was paid to the government to allow duty free export? (iv) Write down the formula for the Customs Value/VDP.

Reference no: EM134007627

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