RE: FN-FORUM: Import & Export Costs?

date posted 7th August 2004 08:54

>I can confirm the information above - Import Duty and VAT is on Landed
Price. Ask your friend to mention that he is exporting the goods when he is
>buying them, and the company *should* knock off any taxes at their end.

p.s. If the items are being supplied by someone you know beware of trying to
declare a low value to save on duty and VAT - if Customs believe the value
has been misdeclared they can, and almost certainly will, impose their own
valuation on the goods and charge duty and VAT on that basis.