Calculated Numeric: Please calculate the amount of custom. Poin Please calculate the amount of customs duty paid for the import of goods in the following scenario: Al Mdina Traders basod in Shrjah...

Extracted text: Calculated Numeric: Please calculate the amount of custom. Poin Please calculate the amount of customs duty paid for the import of goods in the following scenario: Al Mdina Traders basod in Shrjah mainland area imported 100 mobile phonos from China. The transaction value of goods ("Cost) is AED 2,000 per each mobile phone. The "Insurance" paid is 1% on the cost of goods and the Freight" paid is 2% based on the cost of goods. Keeping in view the rate of custorls duty is 5%, please calculate the customs duty paid by Al Madina Traders to Sharjah Customs Authority? Hint: The Incoterms usad for the Customs deciaration purposes CIF (Cost Insurance Freight).