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VAT calculation and Customs duty in Import Purchase China

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Hi Friends,

 

I am configuring import pricing procedure for china.

 

The calculation is mentioned below...

 

Gross Price - 100

custom duty - 4 (paid to custom agent)

 

Vat - 17% on (Gross Price + Custom Duty). VAT is deductibleand paid to custom agent.

 

Please help on the above scenario.

 

Please find below my pricing procedure (since it is rollout, i cannot change the pricing procedure structure much). Please help me.

 

 

 

Thanks

 

Prabhu


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