Following CBLE question is the focus of this video:
Exporter E provides the following quantity discounts on mattresses purchased by importers before their importation:
• 1 to 99 mattresses - no discount
• 100 to 499 mattresses - 10% discount
• Over 500 mattresses - 15% discount
Under the first scenario, Importer X purchases and imports 120 mattresses in a single shipment. The invoice price reflects a 10% discount. Under the second scenario, Importer Y purchases 120 mattresses in a single transaction at a price which reflects a 10% discount but imports them in four separate shipments each comprising 30 mattresses.
What is the customs value of the imported mattresses under the two scenarios?
A. Under both scenarios, the customs value is the price actually paid or payable for the imported mattresses reflecting a 10% discount.
B. Under the first scenario, the customs value is the price actually paid or payable for the imported mattresses reflecting a 10% discount. Under the second scenario, the customs value is the price actually paid or payable for the imported mattresses reflecting no discounts.
C. Under both scenarios, the customs value is the price actually paid or payable for the imported mattresses reflecting no discounts.
D. Under the first scenario, the customs value is the price actually paid or payable for the imported mattresses reflecting a 10% discount. Under the second scenario, the customs value is the price actually paid or payable for the imported mattresses reflecting a 15% discount.
E. In both cases, the customs value is the price actually paid or payable for the imported mattresses reflecting a 15% discount.
Correct Answer: (A).
#Code of Federal Regulations (CFR) Title 19
#152.103
Up Next in October 2021 CBLE
-
October 2021 Question 57 U.S. Customs...
Following CBLE question is the focus of this video:
A foreign commercial invoice reports a value of $7,200 with an addition of $800 for “distributor fee” for a total invoice of $8,000. The fee charged by the seller compensates the exclusive U.S. distributor who, by agreement with the foreign sel...
-
October 2021 Question 58 U.S. Customs...
Following CBLE question is the focus of this video:
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 me...
-
October 2021 Question 59 U.S. Customs...
Following CBLE question is the focus of this video:
A shipment of beach towels manufactured in Izmir, Turkey is entered at $10 per unit, Delivered Duty Paid (“DDP”) Baltimore. The beach towels were delivered by truck from the plant in Izmir to Istanbul and then shipped from Istanbul to Baltimore...