Method 1 – Calculate Free on Board
- Insert the price of the following four types of expenses.
- Value of the goods
- Cost of handling carriage before
- Export Customs formalities fixed cost
- Handling costs in the originating terminal
- To calculate the Free on Board expenses, select cell C9 and write the following formula with the SUM function.
=SUM(C5:C8)
Method 2 – Determine Cost of Insurance and Freight
- Determine the Cost of the Insurance and Freight. Add the cost of main transportation.
- Input the cost of insurance of main transport.
- Select cell C12 and type the formula given below.
=SUM(C9:C11)
- Press Enter to get the Cost of the Insurance and Freight.
Method 3 – Estimate Custom Duties and Import Taxes
- We will estimate the taxes. Insert the handling cost on arrival at the port.
- Insert the percentages of Custom duties and Import taxes.
- Calculate the value of custom duties, click cell C14 and insert the following formula.
=D14*C12
- Hit Enter to get the result.
- Use the following formula to calculate Import taxes.
=D15*C12
Method 4 – Determine Delivered Duty Paid
- Determine the Delivered Duty Paid. Insert two types of expenses.
- Cost of import Customs formalities
- Cost of carriage after
- Select cell C18 and write the formula given below.
=SUM(C12:C17)
- Press Enter on your keyboard, and you will get the value of Delivered Duty Paid.
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