Question
You are the owner of Home Depot. At the suggestion of a business associate you have decided to investigate the importation of Vegetable Fiber Brooms
You are the owner of "Home Depot. At the suggestion of a business associate you have decided to investigate the importation of Vegetable Fiber Brooms" from India In order to determine if the cost of imported BROOMS is competitive with Canadian made BROOMS which have similar characteristics, you must calculate the duties and taxes associated with the importation of this product. Additional details are as follows.
Number of units: 50,000 Vegetable Fiber Brooms
Cost per unit:S 12.50 USD
Exchange rate: $1 USD = $1.411 CAD
Tariff Treatment: MFN
GST Rate: standard 5%
Using the Customs Tariff page and information provided you are asked to ...
- calculate the FCC, VFD, CD, VFT, GST and TDTP for 50,000 Vegetable Fiber Brooms and
- Complete all B3 fields involved in (1).
- If Canadian Vegetable Fiber Brooms have a cost price of $14.00 CAD with GST included should you import Indian made Vegetable Fiber Brooms
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