Customs clearance of leather wallet is implemented in accordance with the HS code 42023100, which is the same for almost all countries of the world (HS code).
When importing leather wallet from the EAEC member countries of the Republic of Armenia, the Russian Federation, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and other countries, customs payments are calculated at the following tariffs:
Customs duty – 12.5%;
VAT - depending on the VAT rate of the EAEC member country (mainly – 18-20%). In a country, which is a member of EAEU, when exporting leather wallet from another member country, customs duties are not applied.
The Brokers.am website has a customs clearance calculator, which makes it possible to calculate in advance the customs clearance fees for any batch of leather wallet, separately by type of tax.
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