BH purchased 250 items of a product from a foreign entity and imported them into Country X. On import, the products were subject to?
an excise duty of $8 per item and standard rate VAT on cost, including the excise duty. BH purchased the items for $45 each and after importing them sold all of the items for $65 each plus VAT at standard rate.
How much is due to be paid by BH to the tax authorities in total for these transactions?
