Entry value must be reported to CBP in U.S. dollars. When a transaction is in foreign currency, the date that should be considered for converting that currency to dollars is:
A. The date the goods were exported from the country of export for the United States
B. The date the goods were sold
C. The date the goods were imported into the United States
D. The date the goods were packed
E. The date the payment is transferred from the buyer to the seller
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: A
Citation: 19 CFR 152.1(c); 19 CFR 159.32
[/bg_collapse]