Which of the following statements concerning customs valuation is FALSE?
A. Any rebate of, or other decrease in, the price actually paid or payable made or otherwise effected between the buyer and seller after the date of importation of the merchandise will bedisregarded in determining the transaction value.
B. The word “payable” refers to a situation in which the price has been agreed upon, but actual payment has not been made at the time of importation. Payment may be made by letters ofcredit or negotiable instruments and may be made directly or indirectly.
C. When appraising imported merchandise on the basis of the transaction value of similar merchandise, the quality of the merchandise, its reputation, and the existence of a trademarkwill be factors considered to determine whether merchandise is “similar”.
D. Imported merchandise will be appraised on the basis of transaction value, unless transaction value cannot be determined, or can be determined but cannot be used because of thelimitations provided for in 19 CFR 152.103(j).
E. If the Center Director believes that the entered rate or value of any merchandise is too low, or if he finds that the quantity imported exceeds the entered quantity, and the estimatedaggregate of the increase in duties on that entry exceeds $15, he shall promptly notify theimporter on Customs Form 28.
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The Answer is: E
Citation:19 CFR § 152.2
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