A U.S. resident importer purchased from an unrelated supplier widgets invoiced at $10,000 DDP (delivered duty paid) to New York. Actual air freight to New York from the supplier was $1,500. The rate of duty is 7.5 percent ad valorem. The entry is not subject to additional fees such as the harbor maintenance and the merchandise processing. Both parties agree that if the U.S. importer is able to sell the merchandise within 48 hours upon the entry that the importer will pay an additional $500 to the supplier. The merchandise is sold after 10 working days. What is the entered value?
A. $7,863
B. 7907
C. 8408
D. $8,500
E. 10000
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The Answer is: B
Citation: 19 CFR 152
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