October 2020 (AM) — Question 59

Henry Ford imported twelve ball bearings with integral shafts from Germany, which are classified under subheading 8482.10.10, Harmonized Tariff Schedule of the United States, at a 2.4 percent ad valorem duty rate and are subject to antidumping duties. The ball bearings are shipped by air and formally entered at John F. Kennedy International Airport. The total value of the shipment is $9875.00 USF. The applicable antidumping duty cash deposit rate is 72.65 percent. Using the above information only, what is the total amount of fees and estimated duties that should be reported on CBP Form 7501?

A$271.21
B$7208.40
C$7411.19
D$7445.40✓ CBP's answer
E$7457.74

CBP's cited authority

§ Entered Value $9875.00 – Duty Rate 2.4%§ MPF .3464%§ ADD 72.65% - $9875. X 2.4% duty = $237.00§ $9875. X .3464% MPF = $34.21 $9875. X 72.65% ADD = 7174.19. TOTAL DUTIES/FEES DUE = $237.00 + $34.21 + $7174.19 = $7445.40

Answer and citations as published in CBP's official answer key for the October 2020 (AM) examination.

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