October 2018 — Question 64
A U.S. importer purchased automobile tires from a manufacturer located in Seoul, South Korea. The importer paid $47,780 ex-factory. The price does not include U.S. duty (2.5 % ad valorem for the tires), MPF (.3464%), HMF (.125%), and inland freight from Seoul to the Port of Busan, South Korea ($3,075). What is the entered value?
- A$ 43,285
- B$ 44,705
- C$ 46,360
- D$ 47,780✓ CBP's answer
- E$ 50,855
CBP's cited authority
§ 19 CFR 152.103(a)
Answer and citations as published in CBP's official answer key for the October 2018 examination.
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