Question 1

What is the import duty rate for Trucks & Commercial Vehicles in European Union?

Accepted Answer

The MFN (Most Favoured Nation) import duty rate for Trucks & Commercial Vehicles (HS 8704) in European Union is 6.5% on the CIF value. Applies to most lorries and commercial vehicles. Rate varies slightly by subheading (8704.21–8704.31).

Question 2

Is VAT charged on Trucks & Commercial Vehicles imports to European Union?

Accepted Answer

Yes. European Union charges VAT at 20% on the CIF value plus any import duty. This applies to virtually all commercial imports.

Question 3

Are there FTA rates available for Trucks & Commercial Vehicles in European Union?

Accepted Answer

European Union has free trade agreements with CETA (Canada), JEFTA (Japan), EU–Korea FTA, EU–Vietnam FTA (EVFTA), EU–UK TCA. Check whether your origin country qualifies for a preferential rate on HS 8704.

Question 4

How is import duty calculated for Trucks & Commercial Vehicles entering European Union?

Accepted Answer

Duty is calculated on the CIF value of the goods. CIF value includes the product cost, international freight, and insurance. The MFN duty of 6.5% is applied to this value. VAT (20%) is then applied on the CIF value plus duty.

European Union Import Duty Rate for Trucks & Commercial Vehicles

How duty is calculated

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Trucks & Commercial Vehicles duty rates in other markets