How is import duty calculated?

Duty is calculated on the CIF value of a shipment. This means the Cost of the goods (as detailed on your suppliers’ commercial invoice), the Insurance paid on the shipment (if you haven’t insured the shipment Customs will still expect a figure to be accounted for), and the freight paid to move the shipment from A to B (all the costs, from door to door). Seaspace can assist in calculating Duty liabilities as well as undertaking Customs clearance on your behalf and ensuring the correct Duty is paid to Customs.