A shipment of 860 dozen scissors, manufactured in China, is invoiced at $74.77 per dozen CIF San Juan. The invoice shows an estimate of marine insurance at $0.03 per unit and an estimate of ocean freight at $6,200. The bill of lading shows the actual ocean freight to be $4,750. The insurance bill provided shows a rate of $0.005 per unit. What is the transaction value for the shipment?
A. 57792
B. 59501
C. 62852
D. 64302
E. 115584
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The Answer is: B
Citation: 19 CFR 152.105(d)(1)(2)
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