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No international transaction fee
No Import duty or customs Fees
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Value of Goods:
Freight Cost:
Insurance Cost:
Import Duty:
Import GST:
Custom Fee:
Total:
$10,000 EXC
No import duty
$1,500
No customs fee
$10,000 EXC
$500 (5%Import duty)
$1,575 ( on arrival)
$ 119 (set customs fee)
$5,000 EXC
No import duty
$750
No customs fee
$5,000 EXC
$250 (5%Import duty)
$787.5 ( on arrival)
$ 119 (set customs fee)
This can be very costly as you can see from the 2 examples above. Those companies go to great lengths to misinform their customers. For example, they advertise Hong Kong telephone numbers, use the Hong Kong flag and/or they show prices in Hong Kong dollars. However, the reality is that they are not located in Hong Kong so they will be shipping the products from overseas. When you receive your order you will be hit with a large bill from the freight company.
Make sure to ask if they are an Hong Kong company
Their advertised price DOES NOT have , import duty or customs fees
Most banks charge 4% international transaction fee on all overseas purchases
Any parcel worth over $1,000 HKD triggers , import duty and customs fees
Lowering the declared value is illegal and leaves you with a lower insurance value
Extra 5% import duty is always charged to all jewellery arriving in Hong Kong
is calculated not just on the declared value, but also on the 5% import duty, shipping and insurance cost.