Sample Product Import Cost Calculation



In 1997 the Brazilian Government established a computerized information system to monitor imports and to facilitate customs clearance known as the Foreign Trade Integrated System (SISCOMEX). The SISCOMEX has facilitated and reduced the amount of paperwork previously required for importing into Brazil.

Below is the hypothetical Cost Buildup for an Importation of some products (a real case study from April 10, 2014). Obviously, we would ask you to request us a specific tax study for your especific product.




Sample Import Calculation

Product:
Sawing Machines
 
 
 
 
 
 
 
HTS:
8464.10


Origin:
China
Destination:
Brazil - Port of Santos
Payment Method:
Advance Payment
Incoterm:
FOB (Incoterms 2000)
Day exchange rate:
1 US$ = R$
 
2.2646






Import Value Calculation
Description
Currency
US$
R$
Merchandise Value (FOB)
USD
80,000.00
R$
181,168.00
Shipping expenses
USD
0.00
R$
0.00
International Freight
USD
1,000.00
R$
2,264.60
Insurance
USD
0.00
R$
0.00
CIF Cost (Cost+Insurance+Freight)
USD
81,000.00
R$
183,432.60
Duties
USD
 
 
 
Import Duties
14.0%
USD
11,340.00
R$
25,680.56
I.P.I. – Industrial Product Tax
18.0%
USD
16,621.20
R$
37,640.37
PIS-Social Integration Tax on Imports
1.65%
USD
1,336.50
R$
3,026.64
COFINS-Social Security Contribution - Imports
7.6%
USD
6,156.00
R$
13,940.88
I.C.M.S. – State VAT
18.0%
USD
25,566.88
R$
57,898.77
Total of Duties
 
USD
61,020.58
R$
138,187.22
Customs Expenses
B/L (Bill of Lading Tax) 
USD
145.00
R$
328.37
A.F.R.M.M. (Merchant Marine Renovation Tax - 25% on Maritime Freight)
USD
250.00
R$
566.15
Warehousing 
USD
220.79
R$
500.00
Port Handling/Cargo moving 
USD
44.16
R$
100.00
Customs Clearers Syndicate (S.D.A.) fee 
USD
282.61
R$
640.00
Road Freight - Port / Factory
USD
441.58
R$
1,000.00
Import License Preparation Fee
USD
 
R$
 
Expenses with Imp. Lic. Approval - Banco do Brasil S.A
USD
 
R$
 
Siscomex System Fee 
USD
17.66
R$
40.00
Engineer Attestation
USD
 
R$
 
Customs Brokers’ Fees 
USD
242.87
R$
550.00
Expediting Fee 
USD
0.00
R$
 
VAT Assistance 
USD
 
R$
 
CPMF - Temporary Contribution on Financial Transactions
USD
 
R$
 
Banking Charges – Exchange Contract
USD
50.00
R$
113.23
Other Expenses
 
USD
 
R$
250.00
Total of Customs Expenses
 
USD
1,694.67
R$
4,087.75


 
 
 
 
Total of Importation
 
USD
143,715.25
R$
325,707.56
 
 
Increase over FOB
56%
 
56%






Note:
Unit value of landed merchandise:
 
 
 
 
USD
71,857.63
R$
162,853.78


To obtain more information and contact us for this service, please use visit our contact form or send us an e-mail to:  by clicking here.

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