G and G Bedding, Inc. imported 50 mattresses from China which are classified under 9404.21.0013 of the Harmonized Tariff Schedule of the United States (HTSUS) at a 3.0 percent ad valorem duty rate and are subject to antidumping and countervailing duties along with Section 301 duties at 25 percent. The mattresses arrive by air on M-Air Cargo Express and are formally entered at Los Angeles International Airport. The total value of the shipment is $12,500 USD. The applicable antidumping duty cash deposit rate is 1731.75 percent and the countervailing duty cash deposit rate is 97.78 percent. The current rate for the merchandise processing fee (MPF) is 0.3464 percent. The harbor maintenance fee (HMF) stands at 0.125 percent. Using the above information, what is the total amount of fees and duties that should be reported on CBP Form 7501?(2022 October No.38 – Entry/Entry Summary)
A) 375
B) 3500
C) 232191.25
D) 232234.55
E) 232250.18
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The Answer is: D
Citation: ACE ES Instructions
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