October 2022 — Question 34
An importer purchases used sewing machines for $3,000.00 from an unrelated party and supplies the machines, free of charge, to a foreign manufacturer to use exclusively to produce apparel the importer will purchase from the manufacturer. The actual market value of the used sewing machines is $4,500.00. It cost the importer $500.00 to ship the used sewing machines to the foreign manufacturer from the place of purchase. What is the value of the assist provided by the importer to the foreign manufacturer?
- A$3,000.00
- B$3,500.00✓ CBP's answer
- C$4,000.00
- D$4,500.00
- E$5,000.00
CBP's cited authority
Answer and citations as published in CBP's official answer key for the October 2022 examination.
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