Skip to Content
1
Mar 19, 2014 at 11:42 PM

VAT calculation and Customs duty in Import Purchase China

249 Views

Hi Friends,

I am configuring import pricing procedure for china.

The calculation is mentioned below...

Gross Price - 100

custom duty - 4 (paid to custom agent)

Vat - 17% on (Gross Price + Custom Duty). VAT is deductibleand paid to custom agent.

Please help on the above scenario.

Please find below my pricing procedure (since it is rollout, i cannot change the pricing procedure structure much). Please help me.

Thanks

Prabhu