Part 30: Valuation & Appraisement of Merchandise
Videos of the Day
•
11m
Merchandise valuation requires using only US-available information, avoiding domestic selling prices or production factors for comparisons. Consumer purchasing power and market conditions influence pricing, while production costs are irrelevant for exports outside the US. Customs regulations prohibit arbitrary values, which can lead to legal issues. The 90-day sale requirement may be flexible.
#Code of Federal Regulations (CFR) Title 19
#Part 152
Up Next in Videos of the Day
-
Part 6: Valuation & Appraisement of M...
Merchandise placement involves careful calculations and time management, especially during exams. Using a calculator is recommended for complex problems. Different appraisal methods are necessary based on transaction values, particularly on customs broker exams. The concepts of fair retail value ...
-
October 2021 Question 14 U.S. Customs...
Following CBLE question is the focus of this video:
Under the degrees of culpability under Section 592, a violation is considered fraudulent when:
A. If a material false statement, omission or act in connection with the transaction was committed (or omitted) knowingly, was done voluntarily and ...
-
October 2021 Question 37 U.S. Customs...
Thank you for watching this video segment from 03/24/2022 Customs Broker License Examination (“CBLE”) preparation class.
Following CBLE question is the focus of this video:
What is the CLASSIFICATION for a liquid "coffee creamer" said to be a blend of fresh milk, fresh cream, and sucralose (a...
