Import Duty Calculator
Import Duty Calculator – Know Your Landed Cost Accurately
Importing goods into India—or anywhere globally—requires accurate calculation of customs duties to determine the total landed cost. Our Import Duty Calculator simplifies this process by helping you estimate duties based on CIF (Cost, Insurance, Freight) value, basic customs duty, and IGST. Have clarity before shipment arrival.
How the Calculator Works
Simply enter:
- CIF Value: The total cost of goods including shipping and insurance.
- Basic Duty Rate: Customs duty percentage set by the tariff schedule.
- IGST Rate: Integrated GST applied on CIF plus basic duty.
The tool calculates basic duty, assessable value, IGST, and total landed cost, and visualizes this in a doughnut chart.
Why Landed Cost Matters
- ✔️ Accurate costing ensures correct pricing and profitability.
- ✔️ Prevents surprises at customs or during accounting.
- ✔️ Helps in compliance, budgeting, and planning imports effectively.
Key Terms
- CIF Value: Price of goods + insurance + freight to entry port.
- Basic Customs Duty: The tariff applied on CIF value.
- Assessable Value: CIF + basic duty—used to compute IGST.
- IGST: Integrated GST on imported goods.
Who Should Use This Calculator?
- Importers planning product sourcing.
- Small businesses estimating landed costs.
- Freight forwarders or customs brokers.
- Accountants reconciling entries in customs-clearance process.
Tips for Accurate Import Calculations
- Use actual CIF declared in Bill of Entry.
- Check latest customs duty and IGST notifications.
- Include other charges like cess, anti-dumping, or social welfare surcharge separately for precision.
- Consult import FAQs or customs codes (HSN) for classification-based duty rates.
FAQs – Import Duty Calculator
1. What is CIF value?
CIF stands for Cost, Insurance, and Freight. It's the total value declared at customs including shipping and insurance charges up to the port of destination.
2. How is IGST calculated on imports?
IGST is applied on the assessable value (CIF + basic duty). It integrates both central and state GST for imported goods.
3. Are there other import charges?
Yes. You may need to pay social welfare cess, anti‑dumping duty, safeguard duty, and handling or docking charges—check customs notifications.
4. Can I use this tool for any country?
This tool uses the basic and IGST model for India. For other countries, adjust to local GST and customs duty rates accordingly.