Product
Trade & Customs
1 company, 1,000 trade files/year; HS code library, landed cost and document consistency included
- 10 full users
- 1 sites
- 4 modules
Free tool
Customs Value Calculator
Find the customs value by adding freight, insurance, commissions, packing, royalties and proceeds to the transaction value and deducting post-import costs. No sign-up needed; results update as you type.
See the system that does this automaticallyOpen the live demoCustoms Value Calculator: worked example
Example values: Invoice value (transaction value) 50,000 USD, Freight to place of import 3,200 USD, Insurance 160 USD, Selling commission and brokerage 0 USD, Packing and container cost 0 USD, Royalties and licence fees 0 USD, Proceeds accruing to the seller 0 USD, Post-import costs (included in invoice) 0 USD. With these values the results are:
| Customs value | 53,360 USD |
|---|---|
| Total adjustments | 3,360 USD |
How to use: Customs Value Calculator
- Enter your own values: Invoice value (transaction value), Freight to place of import, Insurance, Selling commission and brokerage, Packing and container cost, Royalties and licence fees, Proceeds accruing to the seller, Post-import costs (included in invoice).
- Choose the currency; money inputs are converted at an approximate rate.
- Results are calculated as you type: Customs value, Total adjustments.
- Check every step of the calculation in the formulas below.
How is it calculated?
- Customs value = [Invoice value (transaction value)] + [Freight to place of import] + [Insurance] + [Selling commission and brokerage] + [Packing and container cost] + [Royalties and licence fees] + [Proceeds accruing to the seller] − [Post-import costs (included in invoice)]
- Total adjustments = [Customs value] − [Invoice value (transaction value)]
Duty rates vary by country, origin and trade agreements. Verify current rates in the official customs tariff or with your customs broker; the tool calculates with the rates you enter.
Other tools running on Trade Cost Engine
Combines goods value, freight, insurance, customs duty, VAT and local charges into one cost chain and derives unit cost and profitability.
FCRSOFT
FCRSOFT does this for you automatically
You don’t need to do the calculations and checks on this page by hand every day. FCRSOFT derives them all automatically from the records entered in the field.
- HS codes and tax rates are stored on product cards.
- Duties and VAT are calculated automatically in every import file.
- Customs declarations and charges are linked to the file.
Frequently asked questions
How is Customs Value Calculator calculated?
Find the customs value by adding freight, insurance, commissions, packing, royalties and proceeds to the transaction value and deducting post-import costs. The calculation uses Trade Cost Engine: Combines goods value, freight, insurance, customs duty, VAT and local charges into one cost chain and derives unit cost and profitability.
How is Customs value found?
Customs value = [Invoice value (transaction value)] + [Freight to place of import] + [Insurance] + [Selling commission and brokerage] + [Packing and container cost] + [Royalties and licence fees] + [Proceeds accruing to the seller] − [Post-import costs (included in invoice)]. With the example values (Invoice value (transaction value) 50,000 USD, Freight to place of import 3,200 USD, Insurance 160 USD, Selling commission and brokerage 0 USD, Packing and container cost 0 USD, Royalties and licence fees 0 USD) the result is 53,360 USD.
Worked example: Customs Value Calculator
Example values: Invoice value (transaction value) 50,000 USD, Freight to place of import 3,200 USD, Insurance 160 USD, Selling commission and brokerage 0 USD, Packing and container cost 0 USD, Royalties and licence fees 0 USD. Customs value: 53,360 USD; Total adjustments: 3,360 USD.
Is Customs Value Calculator free?
Yes. The tool is free, needs no sign-up and runs in your browser; the data you enter is not stored.
Can FCRSOFT do this calculation automatically?
FCRSOFT runs this calculation in every import and export file automatically and records landed cost and minimum selling price. You can try the Trade & Customs package in the live demo without installing anything.
Where do I find duty rates?
Duty rates vary by country, origin and trade agreements. Verify current rates in the official customs tariff or with your customs broker; the tool calculates with the rates you enter.
Which currency can I calculate in?
Choose one of 28 currencies in the currency selector; monetary inputs are converted at an approximate rate. To use your own rate, enter the amounts directly.
FCRSOFT solutions
All inclusive
Enterprise Site — all products
Farm · Hatchery · Feed ERP · Processing · WMS & Supply · Sales & CRM · Finance · Maintenance · Trace & Cold Chain · B2B Commerce · Fleet & Vessel · Voyage & Chartering · Trade & Customs · Freight & Container
- 30 full users
- 1 sites
- 69 modules
