October 2020 PM Question 78 U.S. Customs Broker License Exam Discussion
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Following CBLE question is the focus of this video:
The commercial invoice from the seller accompanying the entry package provides the itemized sales data terms of sale: free on board 50,000 stainless steel wok cookware; unit value = $3.00 each; $50,000 identified as a credit an indirect payment; $5,000 for shipping insurance; $10,000 of ocean freight. What would be the transaction value?
A. $100,000
B. $135,000
C. $140,000
D. $155,000
E. $200,000
Correct Answer: (E).
#Code of Federal Regulations (CFR) Title 19
#152.101
#152.102
#152.103
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