How do CIF and FOB affect the calculation of VAT or GST on imports

The benchmark price was calculated by converting FOB export prices of the US (IGC) into CIF import prices for Nigeria. Initially it was tried to add (aside ... GrainsPrices.com is an information portal set up to analyse the grain production of milling and feed wheat, corn (maize), barley, sunflower seed, sunflower oil ... Analysis utilised FOB spot prices, market freight rates, insurance and port charges to arrive at DAT price. Chinese figures were adjusted ex-VAT @17 percent ... the process, using CIF-FOB margins or rates. The issue of different ... corresponds to: (CIF value-FOB value)/(CIF value). Data are available for ... If there are informational asymmetries within the firm, such behavior ... follow the standard practice of using C.I.F. prices for imports and F.O.B. prices ... This would represent a fair fob export benchmark price and differing costs of these operations would be reflected in a unit of currency (for example, the US ... Aug 29, 2019 ... This price won't cover shipping from China to the UK (or any other country), insurance of the shipment, local customs fees (VAT & import duty), ... Jan 20, 2025 ... Readers should note that this document is intended as a descriptive (not exhaustive) informational ... prices must be converted into FOB and CIF ... Dec 12, 2017 ... Estimate import use tables at CIF 'special basic price' (CIFbp) and return import related taxes to the corresponding tax rows;. 4. Apply CIF-FOB ... Compared to Free on Board (FOB) shipping, CFR shipping requires the shipping party to take on more transportation and cost responsibilities. What is the ...