In instances where a transaction is in a foreign currency, CBP will use an exchange rate in effect on the date of _________ for conversion purposes.
A. delivery to the importer
B. examination by CBP
C. exportation from the foreign country
D. entry into the United States
E. submission of the entry summary and duties owed
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: C
Citation: 19 CFR 152.1(c); 19 CFR 159.32
[/bg_collapse]