2005 October No.61 – VALUE


Based on the following information, what is the APPRAISED VALUE for a shipment of 10,000 computer monitors with a unit value of $75 CIF, Los Angeles?  The seller received the cathode ray tubes used in the manufacture of these computer monitors free of charge from a third party that was satisfying a debt owed to the seller of the finished computer monitors.  The cathode ray tubes, including transportation and insurance, would have cost $25 each.  There is no through bill of lading associated with this entry.  Foreign inland freight is $1 each.  Ocean freight is $2.50 each.  Marine insurance is $0.50 each.

A. 1000000

B. 720000

C. 750000

D. 710000

E. 970000

[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]

The Answer is: B

Citation: 19 CFR 152.102 (a)

[/bg_collapse]



Subscribe
Notify of