Cross-Border Trade Guide
HS 2710 · OIL (NOT CRUDE) FROM PETROL & BITUM MINERAL ETC.Annual bilateral volume: $126M
Estimated Duties
0-1%
UKGT + 20% VAT + fuel duty
Transit Time
24-32 days
End to end
Compliance
Energy Act license
OFGEM + HMRC fuel duty
Export Rebate
0%
VAT zero-rated; BKPM tax holidays
DUTY CALCULATION — UNITED KINGDOM
Base Duty
0%
MFN (ITA): Free
VAT 20%
20%
on (CIF + duty)
Effective Total
~0%
duty only
| Product cost (FOB) | $100,000 |
| Ocean freight (est.) | $3,500 |
| Marine insurance (0.4%) | $400 |
| VAT 20% on $103,900 | $20,780 |
| Customs broker | ~$130 |
| Estimated total landed cost | ~$124,810 |
* Estimates based on $100K FOB shipment of electronics (HS 85). Actual costs vary by exact HS code, weight/volume, and current rates.
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