24. Westbay Clothing Company imported 1200 wire hangers from China, which are classified under subheading 7326.20.0020, Harmonized Tariff Schedule of the United States, at a 3.9% ad valorem duty rate and are subject to antidumping duties. The wire hangers are shipped via air and formally entered at the port of John F. Kennedy International Airport. The total value of the shipment is $9,655.00. The applicable antidumping duty cash deposit rate is 200%. What is the total amount of fees and estimated duties that Westbay should report on CBP Form 7501?
A. $424.48
B. 19686.55
C. 19701.03
D. $19,719.99
E. 20102.55
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: D
Citation: $ 19,719.99 = $9655. X 3.9% – 376.55 – 9655. X .3464% = 33.44 & 9655 x 200% = 19310.00. 19310.00 + 376.55 + 33.44 = $19,719.99
[/bg_collapse]