Wow what a great mistake buying directly from the seller in USA who posted the item from their factory in HK. My item was priced at USD249.00 + FREE FedEx postage. Boy was i wrong, this was the most expensive option. Should've either bought from ebay and gotten the seller to price it as gift or bought from a reseller even though their prices are absurdly high so high its the same as mine. Below are the calculations i'v received from FedEx hope it makes sense to most of you out there scratching your head as well
The commercial value is USD249.00.
FOB value is : USD249.00 x 3.0775 = Myr766.30
1% insurance : Myr766.30 x 1% = Myr7.66
Customs Freight : = Myr113.00
Total shipment value = Myr886.96
Duty Import (15%) = Myr886.96 x 15% = Myr133.04
Sales Tax (10%) = Myr886.96 + Myr133.04 x 10% = Myr102.00
Total Tax = Myr235.04
So yea my item is 766.30 rm and i have to pay 235.04rm as fcukin import tax, thats blody hell nearly 1/3 of the item price.
It makes the need for a 'middleman' in the processing depot much more viable if your gonna deal with 1000USD or more than that
Malaysia Import Duties
Jan 18 2013, 01:20 PM
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