HomeFAQDuties, Tariffs & CustomsLanded Cost & Pricing StrategyWhat is the taxable value, FOB vs CIF?

What is the taxable value, FOB vs CIF?

Under FOB (Free On Board), duty is based on product price only. Under CIF (Cost, Insurance, Freight), it includes shipping and insurance costs. Most countries including the EU use CIF; the US uses FOB. CIF means duty is charged on a higher base amount.

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