B3 Calculations - IGLOO FISHING SUPPLIES INC. IGLOO FISHING SUPPLIES is the largest supplier of ice fishing equipment in Canada. You are a purchasing agent IGLOO FISHING SUPPLIES and you issued a purchase order for 20,000 hand operated ice augers from an American manufacturer (All Holes Inc.) in February, 2022. All Holes Inc shipped the entire order to you on March 1 just at then end of the ice fishing season. The order was received and placed "in bond" at the Russell A Farrows bonded warehouse located at 125 Canal Street Windsor Ontario on April 1 2022 Additional information: Number of units: 20,000 Cost per unit: $600.00USO Exchange rate: $1 USO= $1.35 TariffTreatment: MFN GST Rate: standard 5% Using the Customs Tariff page and information provided you are asked to ... (1) Complete the calculations necessary to place this shipment into the bonded warehouse (VFCC, VFO, and etcetera). (2) Complete the required financial fiek:ls on the attached type 10 83. Scenario 2: In September 2022 Fishing Work! Inc, located in Barrie, Ontario placed an order with your company (Igloo Fishing Supplies) for 11,000 augers. You, the purchasing Manager at Igloo Fishing Supplies are to remove 11,000 of the 20,000 augers from the RAF's bonded warehouse. Using the Customs Tariff page and additional information provided you are asked to ... (3) Complete the calculations necessary to remove the 11,000 augers from bonded warehouse (VFCC, VFD, and etcetera). (4) Complete the required financial fields on the attached type 20 83. Tariff Item 8204.20.00 82.05 8205.10 CUSTOMS TARIFF - SCHEDULE ss Description of Goods Interchangeable spanner sockets, with or without handles 10 With handles ............................ . 20 Without handles ....................... . Hand tools (including glaziers' diamonds), not elsewhere specified or included; blow lamps; vices, clamps and the like, other than accessories for and parts of, machine tools; anvils; portable forges; hand or pedaloperated grinding wheels with frameworks. Drilling, threading or tapping tools 8205.10 10 00 Die stocks 8205.10.90 Other 10 Drills .......... ........................................................................................... . 90 Other. 8205.20 -Hammers and sledge hammers 8205.20.10 00 - For climbing or mountaineering 8205.20.90 8205.30.00 - - -Other 1 0 Claw hammers .............................. .... ................................................ . 20 Ball peen hammers ... ...................................................................... . 30 - Sledge hammers. 80 - Other 90 Parts . ................... ................................ ............................................... . -Planes, chisels, gouges and similar cutting tools for working wood 10 -Planes ........................ . 20 - - Chisels . ........................ .............. . 30 -Gouges and similar cutting tools .............. ................................ ........... . Unit of Meas. NMB NMB NMB NMB NMB MFN Tariff 6.5% 4% 7% Free 7% 7% 82 -5 Applicable Preferential Tariffs CCCT, LDCT, UST, MT, MUST, CIAT, CT, CRT, IT, NT, SLT, PT: Free GPT: 5% CCCT, LDCT, GPT, UST, MT, MUST, CIAT, CT, CRT, IT, NT, SLT, PT: Free CCCT, LDCT, UST, MT, MUST, CIAT, CT, CRT, IT, NT, SLT, PT: Free GPT: 5% CCCT, LDCT, GPT, UST, MT, MUST, CIAT, CT, CRT, IT, NT, SLT, PT: Free CCCT, LDCT, UST, MT, MUST, CIAT, CT, CRT, IT, NT, SLT, PT: Free AUT: 6% NZT: 6% GPT: 5% CCCT, LDCT, UST, MT, MUST, CIAT, CT, CRT, IT, NT, SLT, PT: Free AUT: 6.5% NZT: 6.5% GPT: 5%