October 2023 — Question 76
What is the entered value of the shipment? See the following table for the foreign currency exchange rates for the European Union and Euros for specified dates. The exporter and importer have agreed that the daily currency exchange rate will be used for establishing transaction value. Date Currency Exchange Rate January 4, 2023 1.062 June 26, 2023 1.091 June 27, 2023 1.0961 June 29, 2023 1.0881
- A$23,396.00
- B$23,970.84
- C$24,147.00✓ CBP's answer
- D$24,147.08
CBP's cited authority
§ 19 CFR 152.1(c)§ 19 CFR 159.03§ 19 CFR 159.32
Answer and citations as published in CBP's official answer key for the October 2023 examination.
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