Noel Express of Pittsburgh, Pennsylvania, imports glass Christmas ornaments from an unrelated French company, Mirabel. Noel Express has sold, to Mirabel, at its regular price of $10,000, special paint and glitter for use in the manufacture of the ornaments. The 200 dozen glass specialty glitter ornaments 100000 Special export packing 1000 Sales commission 5000 Insurance and freight (Paris to Pittsburgh) 4000 Which ONE of the following reflects the correct transaction value of the ornaments?terms of sale for the ornament transaction are FOB Paris. Noel Express pays a $2,000 buying commission to R. Jones separately. You are reviewing the invoice to determine the correct entered value. The invoice contains the following details:
A) 100000
B) 106000
C) 122000
D) 120000
E) 116000
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The Answer is: B
Citation: 19 CFR 152.103
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