61. Calculate the total amount to be claimed for drawback for line item 2 using the following facts. Line item 1 is for 5,000 articles valued at $10.00 each totaling $50,000.00. The duty rate for line item 1 is 7%. Line item 2 is for 6,000 articles valued at $15.00 each totaling $90,000.00. The duty rate for line item 2 is 5%. The only fee is the merchandise processing fee that was paid at the regulatory rate of 0.3464% and is between the minimum and maximum. Direct identification drawback is claimed.
A) 4455
B) 4763.64
C) 4811.76
D) 7920
E) 8484.96
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The Answer is: B
Citation: 19 CFR 190.51 and 191.51
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