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An invoice credit for an old overpayment: add it back

October 2025 examValuation, Appraisement and Duty AssessmentQuestion 70 of 80

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?

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CBP answer key: Answer D · 19 CFR 152.103(a)(2)Source: CBP past exams ↗