Merle Morissette I
Oct 27, 2024
Does CIF include all duties and taxes in both country?
When importing goods from China with a value stated as CIF (Cost, Insurance, and Freight), what does this mean in terms of duties and taxes? Are all applicable taxes included for importation into India, or do we need to calculate these taxes and duties separately? If separate calculations are required, what percentage should we expect?
2 Answers
No dear .
CIF stands for COST , INSURANCE and FREIGHT only.
For example , when you are importing product from CHINA at USD 100 CIF , NHAVASHEVA , then it includes cost of this product , insurance ( may be marine or AIR) , and freight for this shipment.
No taxes are included for INDIA. You have to pay import duty and all things .. And you dont have to worry about taxes of china
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