Answer :
Price of goods will be calculated based on the trade term of CIF value, where;?
C is referred to the price actually paid. It should be adjusted to include all the costs and services such as loyalties, license fees, commission and brokerage, cost of container and packing, tool, mold, engineering and design work, made as a condition of sale of the imported goods by the buyer to the seller or by the buyer to a third party to satisfy an obligation of the seller.
I is freight insurance :
F is freight: international transportation cost
The CIF value = C+I+F
How to calculate the duty assessment
Import duty = CIF value * rate of import duty
Excise tax (if any) = (CIF price + import duty) * {rate of excise tax/1-(1.1 * rate of excise tax)}
Interior tax (if any) = Excise tax * rate of interior tax
Base VAT = (CIF value+ Import duty+ Excise tax + Interior tax)
VAT = (CIF value+ Import duty+ Excise tax + Interior tax) * rate of VAT
Total taxes and duties = Import duty + Excise tax + Interior tax + VAT
Remarks : Used personal effects, price can be estimated by the importer or refer to depreciation cost.