Learn how to calculate customs duty, fees, and tariffs in the U.S.
Once the HTS code and duty/tariff rates are confirmed, you can use the following calculation to calculate your customs duty/fees/tariffs.
Example: total invoice value is $15,000 with 2% duty and 25% tariff
Duty: $300 (2% of $15,000)
Fees: $70.71 (0.125% HMF and 0.3464% MPF of $15,000)
Tariff: $3,750 (25% of $15,000)
Total due to customs: $4,120.71
Important Notice to Importers: Under 19 CFR 111.29(b) - If you are the Importer of Record, payment to the broker will not relieve you of liability for Customs charges in the event the charges are not paid by the broker. Therefore, if you pay by check, Customs charges may be paid with a separate check payable to “U.S. Customs and Border Protection”.
Not sure how much your customs duties are? Let us help you estimate your costs accurately.
Original post:
Many first time importers wonders about how to calculate Customs fees for their product. This post should help you get an idea of the approximate taxes (duties) you will have to pay for your product.
Here are some examples on how to find and calculate your product duty.
Example Product #1: Textbooks
1) First, you must find your HTS Code.
2) Do a search for “Textbooks” on the search bar on top of the page.
3) Click on: 4901.99.0010 – Duty for Textbooks is FREE
Example Product #2: Porcelain Mugs
1) First, you must find your HTS Code.
2) Do a search for “Porcelain Mugs” on the search bar on top of the page.
3) Click on: 6911.10.4500 – Duty for Porcelain Mugs is 14%
4) Look at your Commercial Invoice for the total cost of your cargo.
5) Assuming your total cost is $1,000 @ 14%. Your duty cost is: $140 + MPF(0.3464%) + HMF (0.125%) = $144.71
Disclaimer: Please note that all information provided in this post is for reference purposes only and should not be construed as legal advice. It is recommended that you consult with a qualified professional for specific inquiries or concerns. This website is not comprehensive and does not encompass all the necessary aspects of import procedures.
If you require Customs Brokerage assistance, contact our main company, Elleo Global today!