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The incoterm CPT was shown in the invoice but I was not able to find the incoterm in the invoice declaration screen. Which incoterm should I declare?

Updated by CUSTOMS

To select CFR for the incoterm. To derive CIF charges, you need to add insurance charge.

For importation where the actual insurance charges were incurred but are not available to the importer at the time of import, traders may use the flat rate of 1% for insurance 

to compute the Customs value for their imports.

Traders can set the insurance to zero value if no insurance charges were incurred when importing the goods.

Topics:

Valuation, Duties, Taxes & FeesEstablishing Customs Values for Imports

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