October 2021 Question 56 U.S. Customs Broker License Exam Discussion
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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
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