Landed cost calculator for medicine imports
Estimate the total cost of a shipment from India once it reaches your door, and see which costs sit on the exporter's invoice and which you pay at destination under each Incoterm.
Shipment values
The medicine price on the proforma before freight and insurance.
Under CIP the insurance must cover at least 110 percent of the contract value.
Destination duty and taxes
Duty is charged on
CIF value (goods, freight and insurance), used by most countries
Customs agent, terminal and delivery charges, as a fixed amount.
Landed cost
$10,859
Exporter's invoice
$10,709
Paid by you separately
$150
Duty and taxes are 0.0 percent of the landed cost.
Cost breakdown
| Cost | Amount | Paid by |
|---|---|---|
| Goods | $10,000 | On the exporter's invoice |
| Freight | $650 | On the exporter's invoice |
| Insurance | $59 | On the exporter's invoice |
| Import duty | $0 | Paid by you |
| Other levies | $0 | Paid by you |
| VAT, GST or sales tax | $0 | Paid by you |
| Clearance and delivery | $150 | Paid by you |
| Customs value | $10,709 | CIF |
What CIP means here
Carriage and insurance paid to. The exporter pays freight and all-risk insurance to the named destination. You pay duty, taxes and clearance. A common term for medicines sent by air cargo.
Estimate only. Confirm rates and timings before relying on them.
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How this tool works
- Duty is worked out on the customs value. Most countries use the CIF value, which adds freight and insurance to the price of the goods, and a few, such as the United States, use the FOB value.
- VAT or GST is then charged on the customs value plus duty and any levies, which is how most import VAT systems work.
- Each Incoterm decides which costs sit on the exporter's invoice and which you pay separately. The landed cost stays the same while the split changes.
- Country presets come from the researched import guides. Medicine duty and VAT often depend on the exact HS code and on exemptions, so confirm the rates with a licensed customs agent.
Guides that explain the numbers
Turn the estimate into a quote
Send the medicine, quantity and destination. The quote gives the firm price, Incoterm, documents and lead time.