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What is the transaction value of 10,000 vases when the seller later waives the charge for 100 broken ones?

May 2024 examValuation, Appraisement and Duty AssessmentQuestion 73 of 80

Gemma Jones purchases 10,000 glass vases from Sklyana Vasa Company (SVC). The wholesale price charged by SVC is $3.00 per vase with the following volume discounts: Quantity Range Discount 0 – 1,000 vases Full price 1,001 – 5,000 vases 5% discount 5,001 – 15,000 vases 10% discount 15,001 – 25,000 vases 15% discount Jones receives the shipment and finds that 100 of the vases are broken. She contacts SVC who agrees not to charge her for the broken vases. What is the transaction value for the vases?

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CBP answer key: Answer B · 19 CFR 152.103(a)(1)Source: CBP past exams ↗