Method 1 Transaction Value Flashcards
1
Q
What is the Formula for Transaction Value Method 1?
A
TV= Price Actually Paid or Payable + Adjustments
2
Q
What are the Mandatory Additions?
A
Commissions and Brokerage Fee
Assists
Royalties and License Fee
Packaging and Container
Proceeds
Insurance
Transportation Cost
3
Q
Are “cost of reusable containers” part of PAPP?
A
No, because they are not considered as one with the imported goods being valued.
Reusable container = Container vans
4
Q
What are the Packaging and Containers?
A
Retail Packing (bags, boxes, plastic wrappers,)
Export Packing (cardboard boxes, wooden crates)
Packing Material (bubble packs, hay, straw, styrofoam)
Labor Cost
4
Q
A
