CIF: that is, "cost, insurance and freight (…… named port of destination)". It means that the seller has the same obligation as the "cost and freight" clause, and the buyer should pay the insurance premium for the goods lost or damaged in transit. This term applies to sea or inland waterway transportation.

1. If it is CIF to China, the tariff calculation method is: import tariff tax = CIF price × import tariff rate.

Therefore: 65438 USD +00000× 8.088× 25% = 20220.

2. If it is cif to Hong Kong, it should be calculated as follows: [Example 3] Company A entrusts a Hong Kong company to import teak from Britain, with the freight of 44,200 yuan, the insurance premium rate of 0.3%, the commission of 3% of CIF price, the declared CIF Hong Kong import price of 580,000 dollars, and the foreign exchange rate of that day: 65,438 dollars +0 = 8.64 yuan.

10000× 8.088 = 80880 (yuan)

Duty paid price = (80880×110%+5× 8.088×110)/(1-0.03) × 25% = 24076.2 (Yuan

Personal opinion, for reference only. If the price is cif, there should be no need to add freight insurance. )