April 2023 — Question 61
Calculate the total amount to be claimed for drawback for line item 2 using the following facts. Line item 1 is for 5,000 articles valued at $10.00 each totaling $50,000.00. The duty rate for line item 1 is 7%. Line item 2 is for 6,000 articles valued at $15.00 each totaling $90,000.00. The duty rate for line item 2 is 5%. The only fee is the merchandise processing fee that was paid at the regulatory rate of 0.3464% and is between the minimum and maximum. Direct identification drawback is claimed.
- A$4,455.00
- B$4,763.64✓ CBP's answer
- C$4,811.76
- D$7,920.00
- E$8,484.96 Category X – Broker Compliance
CBP's cited authority
Answer and citations as published in CBP's official answer key for the April 2023 examination.
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