A U.S. importer purchases 2,000 porcelain dolls from a manufacturer in China for $25,000. Terms of sale are CIF San Francisco. International air freight and insurance costs total $7,400. Following the dolls’ importation, the importer pays the U.S. license holder a royalty fee of $2 per doll for the right to resell the dolls in the United States. None of the parties are related. Which ONE of the following represents the correct appraised value of the imported dolls?
A) 25000
B) 32400
C) 17600
D) 21600
E) 29000
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The Answer is: C
Citation: 19 CFR 152.102 & 152.103(f)
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