Goods and Service Tax, GST in relation to importing, is payable on the landed cost of the goods, known as the CIF value. The GST is calculated thus: (Purchase price of goods + Duty + Insurance + Freight) x GST
Taurus Logistics Ltd, International shipping terms and phrases, Christchurch, New Zealand 2010. http://www.tauruslogistics.co.nz/shipping-advice/g lossary, (Mrtm - Brit) {581}