59 In the following scenario, what is the transaction value of an importation of 1000 metal frames invoiced at $1000? A U.S. importer hires a foreign manufacturer to make the frames at $1 apiece, and sends the manufacturer, via an air carrier, $500 worth of tooling needed to make the frames. The air carrier charges the U.S. importer $100, which the importer tells the manufacturer to take off the invoice.
A. 500
B. 1000
C. 1600
D. 900
E. 400
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The Answer is: In the following scenario, what is the transaction value of an importation of 1000 metal frames invoiced at $1000? A U.S. importer hires a foreign manufacturer to make the frames at $1 apiece, and sends the manufacturer, via an air carrier, $500 worth of tooling needed to make the frames. The air carrier charges the U.S. importer $100, which the importer tells the manufacturer to take off the invoice.
Citation: C
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