AVC imports plastic widgets from an unrelated foreign London manufacturer. This manufacturer sells the widgets at a price of $10,000. The terms of the sale are Free On Board (FOB), Mobile. In addition AVC provides the manufacturer an assist valued at $1,000. The assist is depreciated over a five year period. The assist will be used for goods shipped to United States Virgin Islands. You discovered the importer paid a buying commission in the amount of $10. The buying commission was invoiced separately and AVC paid the unrelated foreign manufacturer thirty days after receiving the goods. The invoice contains the following information: $10 for special (after being seaworthy condition) export packing $5 for sales commission $15 for insurance $20 Freight (London to Mobile) What is the correct transaction value of the plastic widgets?
A. 10020
B. 10040
C. 10050
D. 10260
E. None of the above
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The Answer is: E
Citation: 19 CFR 152.102(f); 152.103
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