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Customs or Import duty for Television parts – circuit boards, Tv power board, to Nicaragua

The Customs or Import duty for Television parts – circuit boards, Tv power board, to Nicaragua is classified under Cameras, Audio & Video(cdf categories).

The HSCODE applied for Television parts – circuit boards, Tv power board, is 85-29-90-90-0

The tax is applied on the total sum of item cost, insurance cost and shipment cost.

The custom/import taxes are:

General duty is 0%

Special Tariff rate 1 is NULL

Special Tariff rate 2 is NULL

Special Tariff rate 3 is NULL

Special Tariff rate 4 is NULL

Special Tariff rate 5 is NULL

Special Tariff rate 6 is NULL

Special Tariff rate 7 is NULL

Special Tariff rate 8 is NULL

The average VAT rate applicable in Nicaragua is 0.15

Note: If the special tariff rate is NULL then general duty is applicable.

The other taxes applicable are:

Excise duty

To know more information on which tariff rate is applicable from the country you are importing to, look here

To get the accurate amount, calculate here

Calculation method:

Customs Duties or Import duty and taxes will be pending and need to be cleared while importing goods into Nicaragua Either by a private individual or a commercial entity.

The valuation method is CIF.

  • the sum of the value of the imported goods and the cost of shipping and insurance.
  • Along with Import duty, import goods are also subject to Sales Tax, Excise duty.

Below is the Duty and Sales tax for Nicaragua :

Duty Rates Average Duty Rate Sales Tax(GST) Threshold on goods
0% to 164% 15% ST=15%
VAT = ST * (CIF + Duty+ other taxes)
No threshold

Extra taxes and customs fees while importing

Excise Tax (ISC), which is an indirect tax levied on selective consumption of goods (e.g. tobacco cigarettes). Please refer on detailed information about excise duty.

NOTE

  • As there is no threshold, all the import goods are subjected to duty and taxes.
  • Sales tax is applied on the sum of the CIF value, duty, and excise if applicable and excise duty is applied on the sum of the CIF value and duty.
  • Import Custom Duties (DAI), which are the local tariff liens in the importation of goods agreed to in the Central American Import Tariff.
  • No duty or tax if products are sent to private individuals by family members of a value up to US$500 and some goods can be free from VAT.
Prohibited Items:

  • Antiques (breakable and/or fragile)
  • Asbestos
  • Furs
  • Hazardous or combustible materials (as defined in IATA Regulations)
  • Dangerous goods, haz. or comb. mats
  • Isopropanol
  • Ivory
  • Military equipment
  • Pornography
Other related items:

Cameras & photography binoculars
Magnifying glasses & loupes
Microscopes
Telescopes – infrared
Tripods & mounts for telescopes – incorporating optical fibre
Digital camera body
Digital camera lcd
Film camera – fixed focus: handheld – 110 camera
Electronics camera
Digital printing
Film – colour (< 35mm)
Flash apparatus – flashcube or flashbulb
Cameras & photography lenses & filters filter
Lenses – mounted lens for cctv camera
Canon camera accessories
Mirrors & prisms – mirrors
Movie projector
Sony Electronic goods
Mp3 accessories
Dvd home cinema system
Electronic Audio player
Iphone arm band
Karaoke machine
Home theatre & projectors projector mount of base metal
Mobile Phone screen guards
Set top boxes – internet & television / satellite receiver
Television brackets of metal or Tv stand
Television parts – circuit boards, Tv power board