Examples of Import Fees and Duties Sample Clauses

Examples of Import Fees and Duties. Product Electric engines CNM Classification 4812.02.00 Country of Origin China Customs Value (CIF) R$ 70,000.00 DUTIES Import Tax 6% R$ 4,200.00 IPI 4% R$ 2,800.00 ICMS 18% R$ 12,400.00 PIS (specific formula) R$ 600.00 COFINS (specific formula) R$ 800.00 FEES AFRMM 25% of freight R$ 900.00 SISCOMEX Use Fee R$ 70.00 Wharfage (port fee schedule) R$ 400.00 Warehousing (port fee schedule) R$ 600.00 Customs Broker (optional) R$ 300.00 Domestic Freight R$ 450.00 Domestic Insurance R$ 150.00 Total R$ 93,670.00 IMPORTANT: With a view to providing guidance to importers, the Brazilian Revenue Department offers an import tax simulation model at: (xxxx://xxx.xxxxxxx.xxxxxxx.xxx.xx/simulador/). By entering the CNM code and ICMS rate, the simulation automatically processes the federal tax obligation (Import Tax, IPI, PIS, and COFINS) and determines whether the product is subject to additional duties in connection with applicable trade protection measures. Importers may also verify the accuracy of the product classification by cross- referencing the imported good with the CNM code provided by the simulation.
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