How to find out the Landed cost for Imported items in india?

Question

How to find out the Landed cost for Imported items in india?

Answer 1

The landed cost of any material is the sum total of the price paid / to be paid right from placing the order to its reaching the godown / premises where it will be used for next process - could be further processing in manufacturing, or value additions or relabelling, or even for sale as it is. Hence besides others it includes the major costs such as invoice price, freight, transit insurance, import duty, port charges including clearing charges, transportation from port to the local point of further use, storage cost if required to be stored in between like bonded warehouse, proportionate bank charges if significant, cost of borrowing if imports are financed and miscellaneous handling charges. There may be some other charges specific from item to item, and dealt with accordingly.

Answer 2

Landed Cost = Cost Price + Freight or shipping expenses + customs duty + other miscellaneous expenses.

More on customs duty, contact a Liscensed Customs House Agent in your city.