Chapter 16: How To Figure out the Taxes And Duties of Your Customized Socks?

Let's calculate tax and duty with an example. Let's suppose we have an order from the UK for customized socks from China. We need the following details to calculate tax:
➔HS code; for example, 6115950019,
➔Unit price based on FOB port of China; for example, FOB Shanghai USD1.5/pair,
➔Order Quantity; for example, 1000pcs,
➔Visit https://hts.usitc.gov/ to check the duty percentage,
When we input "HS 6115.95” on https://hts.usitc.gov/ and press enter to check we will get the result of "Of man-made fibers” with Duty Rates, General 6%".
So now we can calculate duty. As we have 1000 pairs at the rate of USD1.5 per pair and 6% duty rates.
➔1000*1.5*6%= USD90;
If you are importing or exporting from any other country you can calculate duty with the help of this website https://www.simplyduty.com.
For more information and queries please reach out to us.


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