2007 October No.57 – VALUE


57 The foreign commercial invoice shows a value of $7200 with an addition of $800 for “distributor fee,” for a total invoice value of $8000. The fee charged by the seller was to compensate the exclusive U.S. distributor who, by agreement with the foreign seller, receives 10% of all sales in the U.S. as a commission. They receive this regardless of whether or not they actually make the sale. The $800 is _____.

A. not part of Transaction Value

B. a buying commission to be added to the price actually paid or payable

C. a buying commission; part of the price actually paid or payable

D. a selling commission to be added to the price actually paid or payable

E. a selling commission; part of the price actually paid or payable

[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]

The Answer is: The foreign commercial invoice shows a value of $7200 with an addition of $800 for “distributor fee,” for a total invoice value of $8000. The fee charged by the seller was to compensate the exclusive U.S. distributor who, by agreement with the foreign seller, receives 10% of all sales in the U.S. as a commission. They receive this regardless of whether or not they actually make the sale. The $800 is _____.

Citation: E

[/bg_collapse]



Subscribe
Notify of