John Henry imported seven ball bearings with integral shafts from China, which are classified under subheading 8482.10.10, Harmonized Tariff Schedule of the United States, at a 2.4% ad valorem duty rate and subject to antidumping duties. The ball bearings are shipped by air and formally entered at John F. Kennedy International Airport. The total value of the shipment is $10,455.60. The applicable antidumping duty case deposit rate is 23.89%. What are the total amount of fees and estimated duties that should be reported on the CBP Form 7501? (Note: 301, 232, 201 are not applicable)
A. $250.94
B. $2748.88
C. $2497.94
D. $2785.00
E. $2785.10
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The Answer is: E
Citation: $2785.10 = 10456. X 2.4% = 250.94 + 10456. X .3464% = 36.22 + 10456.00X 23.89% – 2497.94. 250.94 +36.22 + 2497.94 = 2785.10
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