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  • Quiz 2 Solution

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    Faiq Mulla
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    This document contains an invoice for shoes imported into Pakistan. It lists the euro value of the shoes as 17,000 euro. It then calculates various charges and taxes in both euro and Pakistani rupee (PKR) including landing charges, insurance, exchange rate, customs duty, regulatory duty, sales tax, income tax, port charges, and clearing charges to determine the total landed cost of 8,165,459 PKR applying one set of duties or 7,210,159 PKR applying a reduced set of duties. It then calculates the per shoe set landed cost.

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    Quiz 2 Solution (1)

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    This document contains an invoice for shoes imported into Pakistan. It lists the euro value of the shoes as 17,000 euro. It then calculates various charges and taxes in both euro and Pakistani rupee (PKR) including landing charges, insurance, exchange rate, customs duty, regulatory duty, sales tax, income tax, port charges, and clearing charges to determine the total landed cost of 8,165,459 PKR applying one set of duties or 7,210,159 PKR applying a reduced set of duties. It then calculates the per shoe set landed cost.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    5 views1 page

    Quiz 2 Solution

    Uploaded by

    Faiq Mulla
    This document contains an invoice for shoes imported into Pakistan. It lists the euro value of the shoes as 17,000 euro. It then calculates various charges and taxes in both euro and Pakistani rupee (PKR) including landing charges, insurance, exchange rate, customs duty, regulatory duty, sales tax, income tax, port charges, and clearing charges to determine the total landed cost of 8,165,459 PKR applying one set of duties or 7,210,159 PKR applying a reduced set of duties. It then calculates the per shoe set landed cost.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    Shoes Invoice value 17,000 Euro 17,000

    Landing charges 1% 170 1% 170


    17,170 17,170
    Insurance 1% 171.7 1% 171.7
    Assessed Value in FY.Currency 17,342 17,342
    Exchange Rate(1 Euro=200 PKR) 295 295

    Assessed Value in PKR 5,115,802 5,115,802

    Custom Duty 20% 1,023,160 5% 255,790


    Regulatory Duty 5% 255,790 5% 255,790
    Sales Tax 18% 1,151,055 18% 1,012,929
    Income Tax 5.5% 415,019 5.5% 365,217
    Port Charges 2% 102,316 2% 102,316
    Clearing Charges 2% 102,316 2% 102,316
    Total Duty & Taxies 3,049,657 2,094,358

    Total Landed Cost 8,165,459 7,210,159


    Less:GST (1,151,055) (1,012,929)
    Cost Without GST 7,014,403 6,197,231

    Per Shoe set Landed Cost 350,720 309,862

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