October 2018 — Question 26

Intergraded Circuits imported 10 solar cells from Argentina, which are classified under 8501.31.800 Harmonized Tariff Schedule of the United States, at a 2.5% ad valorem duty rate and are subject to antidumping duties and countervailing duties. The solar cells are shipped by ocean and formally entered at the port of Savannah, GA. The total value of the shipment is $15,201.00. The applicable antidumping duty cash deposit is 28.25% and the applicable countervailing duties rate is 13.76%. What is the total amount of estimated duties and fees that should be reported on CBP Form 7501?

A$451.69
B$4,674.31
C$6,385.94
D$6,818.63
E$6,837.63 Category VI - Bonds✓ CBP's answer

CBP's cited authority

§ $6837.63 = $15201. X 2.5% = 380.03§ $15201. X .3464% 52.66. $15201. X .125% = 19.00§ 15201. X 28.25% = 4745.97§ 15201. X 13.76% = 2091.66. 380.03 + 52.66 + 19.00 + 4294.28 + 2091.66 = $6837.63

Answer and citations as published in CBP's official answer key for the October 2018 examination.

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