How to Calculate Import Duty Rate
What is Import Duty Rate?
Import Duty Rate Calculator helps logistics and supply chain professionals optimize operations and reduce costs.
Formula
Duty = Customs Value × Duty Rate (from HTS code)
Step-by-Step Guide
- 1Look up HTS code, find duty rate, apply to customs value
- 2Apply the formula with your specific values
- 3Use the result to optimize operations or costs
Worked Examples
Input
$1000 goods, 5% duty rate
Result
Duty = 1000 × 0.05 = $50
Common Mistakes to Avoid
- ✕Using incorrect units or dimensions in the calculation
- ✕Ignoring surcharges and accessorial fees
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