A licensed broker is preparing an entry using a foreign manufacturer’s invoice that shows only foreign currency. The importer stated they did not have an agreement prior to exportation concerning the currency conversion rate. Which date should the broker use to determine the rate of exchange for calculation of the entered value?
A) Date the goods are ready to leave the factory
B) Date of export
C) Date that duty is paid
D) Date of entry
E) Date the importer paid for the goods
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The Answer is: B
Citation: 19 CFR 159.32, 19 CFR 152.l(c)
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