๐Ÿšข Import Export Duties Adventure

Level: Easy
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Question: 1/30
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๐Ÿ“‹ Customs Declaration - KRA
Import Duty
25%
VAT
16%
Excise Duty
0%
CIF Value Breakdown
Cost: $1,000
Insurance: $50
Freight: $150
Total CIF: $1,200
๐Ÿค Kenya Trade Agreements
EAC - 0%
COMESA - 0-10%
WTO - MFN
EPA - Variable
๐Ÿ›๏ธ KRA Import Duty Information
Import duties are calculated on CIF value (Cost + Insurance + Freight). VAT is applied on the sum of CIF value + Import Duty + Excise Duty.
๐Ÿ“Š Duty Calculation Formulas
Import Duty = CIF Value ร— Import Duty Rate
Excise Duty = CIF Value ร— Excise Rate (if applicable)
VAT Base = CIF + Import Duty + Excise Duty
VAT = VAT Base ร— 16%
Total Duty = Import Duty + Excise Duty + VAT

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