Import Customs Duty and Shipping Charges
We are a trading company in Africa. We import products from all around the world. I wanted to know how we can integrate Import Customs Duty and Shipping Charges onto one purchase order?
I have an invoice from my supplier from china for product A
An x 100: 100$
Shipping: 50 $
Total: 150 $
When the goods reach my country I have to pay following on the same invoice :
Customs duties: 20 ( local currency)
Local transport: 10 ( local currency)
Unloading labor charges: 5 ( local currency)
As you can see all these costs/expenses are related to one Invoice from supplier, so how can I add them up together so I can know the exact final cost of the product that I imported. These are cost of goods rather than an expense since they differ every time I import something.
Thank you for your advise.