October 2025 — Question 70
A shipment of 1,000 water bottles manufactured in Germany is entered at $20.00 per unit at the Port of Philadelphia. The water bottles were shipped from Hamburg to Philadelphia with a shipping cost of $300.00. On the invoice, a credit of $10,000.00 for a previous overpayment by the buyer has been applied to the selling price. The total due on the invoice is $10,300.00. What is the transaction value of the merchandise based on the provided information?
- A$10,000.00
- B$20,300.00
- C$10,300.00
- D$20,000.00✓ CBP's answer
CBP's cited authority
§ 19 CFR 152.103(a)(2)
Answer and citations as published in CBP's official answer key for the October 2025 examination.
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