3. Big Mouth Bearing Company imported eight ball bearings with integral shafts from Germany, which are classified under subheading 8482.10.10, Harmonized Tariff Schedule of the United States, at a 2.4% ad valorem duty rate and subject to antidumping duties. The ball bearings are shipped by air and formally entered at John F. Kennedy International Airport. The total value of the shipment is $7,134.00. The applicable antidumping duty case deposit rate is 69.88%. What is the total amount of fees and estimated duties that should be reported on CBP Form 7501?
A. $171.22
B. $5,181.17
C. $5,181.46
D. $5,009.95
E. $4,985.24
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The Answer is: C
Citation: DUTY 2.4% x $7134.00 = $171.22, MPF .3464% X $9875.00 = $25.00, ADD 68.89% x $7134.00 = $4985.24, TOTAL $ 5,181.46.
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