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<blockquote data-quote="j_l200s" data-source="post: 1064026138" data-attributes="member: 7603"><p>Just referred to the Tariff Code book. Refer to HS code 8483.10.0000 it stated there Import Tax 5% and Sales Tax 10% for moving shafts (cam/crank). These taxes will be taxed according to your total invoice value which will include sales amount, freight charges and insurance of 1% of your sales amount. Let's say i buy something which the value is RM1000 after conversion from USD. Freight/shipping will be RM100 and the insurance value (which is compulsory imposed by our local customs) is RM10. So, your total invoice value would be RM1110.</p><p></p><p>Now come the taxing part. Import tax will come first hence RM1110 + 5% + 10% = RM1282.05</p><p>So your total tax is RM282.05</p><p></p><p>Now comes the cams. I'll take the max amount of USD750 including shipping. I'll take easier rate for conversion of 3. that will be RM2250.</p><p>Pls our customs insurance of 1% = RM2272.50</p><p>RM2272.50 + 5% + 10% = RM2624.75</p><p></p><p>So the amount of the taxes would be around RM374.75</p><p></p><p>In short, lower down the sales amount ;-)</p></blockquote><p></p>
[QUOTE="j_l200s, post: 1064026138, member: 7603"] Just referred to the Tariff Code book. Refer to HS code 8483.10.0000 it stated there Import Tax 5% and Sales Tax 10% for moving shafts (cam/crank). These taxes will be taxed according to your total invoice value which will include sales amount, freight charges and insurance of 1% of your sales amount. Let's say i buy something which the value is RM1000 after conversion from USD. Freight/shipping will be RM100 and the insurance value (which is compulsory imposed by our local customs) is RM10. So, your total invoice value would be RM1110. Now come the taxing part. Import tax will come first hence RM1110 + 5% + 10% = RM1282.05 So your total tax is RM282.05 Now comes the cams. I'll take the max amount of USD750 including shipping. I'll take easier rate for conversion of 3. that will be RM2250. Pls our customs insurance of 1% = RM2272.50 RM2272.50 + 5% + 10% = RM2624.75 So the amount of the taxes would be around RM374.75 In short, lower down the sales amount ;-) [/QUOTE]
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