2023 April No.40 – Value


40. Which of the following pairings of foreign seller and U.S. importer are NOT related persons as defined in Part 152 of the Title 19 CFR?

A) Seller and importer have the same mother, but not the same father.

B) Seller is on the Board of Directors XYZ Fashion Corporation and the U.S. Importer is XYZ Fashion Corporation.

C) Seller is Mr. John Smythe, and the importer is ABC Customs Brokers, Inc. in which Mr. John Smythe’s spouse owns seven percent (7%) of the common stock.

D) Seller is British Motor Company, which is incorporated in England as a wholly- owned subsidiary of BMC, GmbH and importer is BMC USA, Inc., a Delaware corporation owned by BMC, GmbH.

E) Seller is Mr. John Smythe, and the importer is ABC Customs Brokers, Inc. in which Mr. John Smythe’s spouse’s brother owns seven percent (7%) of the common stock.

[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]

The Answer is: E

Citation: 19 CFR 152.102(g)

[/bg_collapse]



Subscribe
Notify of