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No commercial value for customs purpose only Form: What You Should Know
For noncommercial samples, no value may be added.) How do I calculate my estimated value for my shipping and handling charges” for packages? 1. Determine the actual cost of shipping or handling by researching your preferred shipping company 2. Do the math — add the following: a. Shipping, (including the cost incurred in packing and shipping the merchandise, and shipping and handling charges) the estimated commercial value: b. Handling, (including tax) the estimated value: This formula works for large domestic and international shipments. It should not be used if the total value you charge for customs duties / fees would be less than the actual customs value of the merchandise. Example: Suppose that the value of the shipping and handling charges for your shipment are ฿2,000 and that the total value of the shipment would be ฿3,000,000 and the actual value of the merchandise in Singapore would be 20,000. The cost of the shipping and handling charges is ฿2,000 + ฿3,000 = ฿4,000. You must then add ฿4,000 to the formula for commercial value as shown in point (a)(2)() and (b) above and determine the total commercial value of the goods to be received in Singapore. If the total value is ฿3,000,000, you would add the value of the shipping and handling charges to the formula above and determine the actual value of the shipment. Example: Suppose the actual value of your shipment and total value would be ฿100,000 and the weight of the shipment would be ฿200 kilograms. Assuming that the weight of the shipment would be ฿200kg, the weighted value would be ฿100,000 + ฿200,000 + 20,000 = ฿240,000. The formula to determine the total commercial value of goods to be received in Singapore is (฿3,000,000 — ฿240,000), which equals ฿2,000 + ฿5,000 — ฿1.0.
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