QUESTION 4

4.1.1.Term of sale(FOB)
R.O.E= 0.062739

SOB Date= 2022/04/13

Line 1= €3 780.00
Line 2= €4100.25

Line 3= €2 231.75
FOB Value= €10 112

1.€10 112 ÷ 0.062739

= 161,175.66
=161,176
2.161,176 ÷ 10 112
= 15.939082278481
3. Factor = 15.939082

4. Line 1: €3 780 × Factor =R60,249.73= R60,250

Line 2: €4 100.25 × Factor =R65,354.22= R65,354
Line 3: €2 231.75 × Factor =R35,572.05= R35,572
5.Total customs value= R161,176(R60,250+R65,354+R35,572) which equals to 1st point.
4.1.2.Term of sale(CIF)
SOB Date = 2022/06/27

R.O.E: 0.062123
Statement of charges:
Insurance ($700.00)- Non dutiable
Ocean freight ($1 650.00)- Non dutiable

Line 1= $15 000.00

Line 2= $12 000.00
Line 3= $ 9 000.00

Line 4= $ 4 000.00
CIF Value= $40 000.00

1.$40 000.00-$200.00-$1 650= 38 150 ÷ 0.062123

=614,104.27699885 → 614,104

2.614,104 ÷ 40 000.00= 15.3526

3.Factor= 15.3526
4.Line 1= $15 000 × 15.3526 =R230,289= R230,289
Line 2= $12 000 × 15.3526 =R184,231.2 → R184,231
Line 3= $9 000 × 15.3526 =R138,173.4 → R138,173
Line 4= $4 000 × 15.3526 =R61,410.4 → R61,410
5.R230 289 + R184 231 + R138 173 + R61 410= R614 103
(A variation of R1 is allowed).
4.1.3.Term of sale (EXW)

SOB Date: 2022/05/15

R.O.E: 0.050395
Statement of charges:
Sea freight (GBP 800) – Non dutiable

Export packing (GBP 60.00) – Dutiable

Marine insurance (GBP 50.00) – Non dutiable
Domestic inland freight (GBP 120.00) – Dutiable

Line 1= GBP1 850.00

Line 2= GBP 790.00
Line 3= GBP2 225.00
Line 4= GBP 786.00
EXW Value= GBP5 651.00

1.( GBP800.00 +GBP50.00) = GBP 850.00

=GBP5 651.00 - GBP850.00= 4801 ÷ 0.050395= 95,267.39
=95,267
2.95,267 ÷ 5 651= 16.85843
3.Factor= 16.8584
4.Line 1= GBP1 850 × 16.8584= R31,188.04= R31,188
Line 2= GBP790 × 16.8584= R13,318.14= R13,318

Line 3= GBP2 225 × 16.8584= R37,509.94= R37,510

Line 4= GBP786 × 16.8584= R13,250.70= R13,251
5.R31,188 + R13,318 + R37,510 + R13,251= R95,267