BEST ADVISE BEFORE IMPORTING A CAR TO CAMEROON
Posted by : Admin
Now, let’s discuss how you want to ship your car to Cameroon.
There are two shipping options available :
Upon arrival at the Port Autonome de Douala, you’ll need to work with a customs clearing agent to sort out customs duty and taxes.
N.B: Custom duty in Cameroon is calculated by multiplying the assessed value or “valeur imposable” (FOB value + Fret) by 91% for cars less than 15 years or 107% for cars older than 15 years.
How do you get the FOB value of a second-hand car from Europe?
To get the FOB value, you’ll need to refer to L’argus Magazine. So, before your car arrives, the customs clearing agent will get to work.
The custom clearing agent will get the FOB value from L’argus and add to it the freight from the Bill of lading.
Practical examples of custom duty on a second-hand car from Europe
Let’s say you’re importing a second-hand Toyota Avensis 126 D-4D FAP Dynamic 4p manufactured in 2010 from Hamburg to Douala. What is the custom duty?
FOB value = XAF 2 184 480
Freight = XAF 350 000
Assessed value = FOB value + Freight (2 184 480 + 350 000 = 2 534 480)
Custom Duty = Assessed value × 0.91 ( 2 534 480 × 0.91 = XAF 2 306 377)
NB : We applied 91% because the car is less than 15 years old.
Let’s take another example of a car older than 15 years – the Mercedes Benz Class ML 2006.
FOB value = XAF 2 709 280
Freight = XAF 500 000
Assessed value = 2 709 280 + 500 000 = 3 209 280
Custom Duty = 3209280 × 107% (1.07) = XAF 3 433 929
NB: These are estimations by law. Cars older than 15 years get a higher custom value. For cars less than five years old, you can negotiate lower than 91% through a custom clearing agent. Also, remember that the FOB value from L’argus Magazine is average. So, based on the experience of your RANDY LOGISTICS as your best custom clearing agent, we know what limit they can reduce your FOB value to.
Tips on How you can reduce the cost of a second-hand Car
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