68. What is the APPRAISED VALUE for the following? An importer of wearing apparel enters into a contract with a Korean manufacturer. The manufacturer will produce 1,000 dozen women’s suit jackets for $120,000, CIF New York. The jackets will be imported on one entry. The freight is $7,000 and the insurance is $1,000. The importer will supply the manufacturer with wool fabric valued at $50,000. The fabric is produced in the U.S and will cost $1,000 to transport the fabric to the manufacturer.
A. 70000
B. 112000
C. 119000
D. 162000
E. 163000
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The Answer is: E
Citation: 19 CFR 152.103(c)(2)
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