TAXATION MANAGEMENT USING ASYCUDA++ Ó UNCTAD - SITE (V1.15) A.13 Line  1  is  the  Keyword  ‘Rule’  and  Rule  name:  "SG_IMPORT"  and  Lines  2  to  7  take  declaration data: Inv Invoice amount in Foreign currency Efr External freight amount in Foreign currency Ins Insurance amount in Foreign currency Otc Other cost amount in Foreign currency Ifr Internal freight amount in Foreign currency Ded Deductions amount in Foreign currency ..and multiplies by the currency conversion rates: InvCurRat Invoice Currency Exchange Rate EfrCurRat External freight Currency Exchange Rate InsCurRat Insurance Currency Exchange Rate OtcCurRat Other cost Currency Exchange Rate IfrCurRat Internal freight Currency Exchange Rate DedCurRat Deductions Currency Exchange Rate ... to give an amount in National Currency, represented by the variables: InvNcy Invoice amount in National Currency EfrNcy External freight amount in National Currency InsNcy Insurance amount in National Currency OtcNcy Other cost amount in National Currency IfrNcy Internal freight amount in National Currency DedNcy Deductions amount in National Currency DedCur Deductions currency code The   variable   TotalCost   is   used   to   store   the   value   of   freight,   insurance,   other   charges,   less deductions,   after   conversion   to   the   National   Currency.   Invoice   amount   and   total   other   costs (InvNcy + Total Cost) are added and stored to CIFNcy (CIF value in National Currency). Item Section The purpose of the  'Item Section' Valuation Note Rule is to calculate, using declaration data and reference  tables,  the  invoice  amounts,  freight,  insurance,  other  charges  and  deductions  at  the declaration  item  level.  Amounts  input  from  the  declaration  are  converted  to  national  currency, added, and the Customs value (taxbase) is stored to the variable called  ItmStatVal.                     Figure A.7: MODCHQCF: Functions: Import Valuation Note: Item Selection