An antique upholstered oak chair, valued at $15,000, manufactured in Germany was entered under 9706.00.0040 by an importer/retailer. Upon review, import documentation revealed that the chair was made in 1915. What is the duty owed to CBP?
A. 0
B. 99
C. 990
D. 3750
E. 6000
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: C
Citation: HTSUS Chapter 97, U.S. Note 2
[/bg_collapse]