Hi, I’m new to importing of goods and wanted to find out a few things.
In order to decide if I want to import a product, I’d need to be able to calculate the total costs to myself, including duty and any other charges. Is there a template or tool I can use to calculate the duty, or could someone assist me?
Lets say the item is made of cotton, with a plastic clip on the item, would just be cotton?
Also, if I deemed my product to be in one category, and customs decide it is not and that I got my category wrong, is there a penalty for this?