A U.S. importer purchases 5,000 glass bowls from a manufacturer in Italy for $50,000, CIF, New York. International air freight and insurance costs total $6,900 for this shipment. The importer provided a chemical dye for the coloration of the 5,000 glass bowls valued at $4,500. Following the importation of the bowls, the importer pays a U.S. license holder a royalty fee of $6 per 5 bowls for the right to resell the bowls in the U.S. None of the parties is related and the royalty was not a condition of the sale for exportation. Which ONE of the following is the correct appraised value for the 5,000 imported glass bowls?
A) 61400
B) 67400
C) 54500
D) 60500
E) 47600
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The Answer is: E
Citation: 19 CFR 152.102; 152.103(f)
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