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#Post#: 308--------------------------------------------------
6% import GST is calculated after 15% of custom duties, freight
& insurance
By: PETANAK Date: November 8, 2017, 1:52 am
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Oversea Invoice = SGD $2,200.00
K1
FOB - RM6,921.86 (SGD $2,200.00 @ 3.1463
Exchange Rate)
Freight - RM206.50
Insurance - RM69.22
CIF - RM7,197.58
Custom Duties - RM1,079.64 (15% of RM7,197.58)
Total - RM8,277.22
6% GST - RM496.63 (6% of RM8,277.22)
Actual payment exchage rate = SGD $2,200.00 x 3.1455 =
RM6,920.10
Please advise which purchase value to be taken up as OP and IM?
(FOB - RM6,921.86, CIF - RM7,197.58, all in RM8,277.22 or
payment amount - RM6,920.10) as we are not sure how to take up
the custom duties, freight & insurance
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