Following CBLE question is the focus of this video:
Blaster Corporation imported 8 ball bearings with integral shafts from Germany, which are classified under subheading 8482.10.1080, Harmonized Tariff Schedule of the United States. The duty rate for these bearings is 2.4% ad valorem. The bearings are also subject to antidumping duties. The ball bearings are shipped from Germany to the U.S. via ocean container and formally entered in Charleston, South Carolina. The total value of the shipment of ball bearings is $7,785.00. The applicable antidumping duty cash deposit rate is 39.40%. What is the total amount of fees and estimated duties that should be reported on CBP Form 7501?
A. $186.84
B. $213.81
C. $3,067.29
D. $3,281.10
E. $3,290.83
Correct Answer: (E).
#CBP Forms
#CBP Form 7501
#CBP Form 7501 Instructions
#Code of Federal Regulations (CFR) Title 19
#24.23
#24.24
Up Next in October 2018 CBLE
-
October 2018 Question 38 U.S. Customs...
Following CBLE question is the focus of this video:
Merchandise processing fees are NOT collected from which one of these Free Trade Agreements?
A. Jordan JOFTA
B. Australia AUFTA
C. Morocco MAFTA
D. China CHFTA
E. Egypt QIZCorrect Answer: (B).
#Code of Federal Regulations (CFR) Title 1...