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October 2024, question 78
Valuation, Appraisement and Duty Assessment · Valuation
Which of the following relationships does not qualify as “related persons” for the purpose of determining value?
- An employee and employer
- An importer of record and a bond surety company
- A grandfather and granddaughter
- A corporation and a 5% shareholder
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CBP's answer: B. B: An importer of record and a bond surety company
CBP keyed B as the pair that is not related. Section 152.102(g) covers family members including lineal descendants, an officer or director and the organization, partners, employer and employee, and a 5 percent or greater voting shareholder and the organization. An importer and its bond surety is not on the list.
Employer and employee. 19 CFR 152.102(g)(5)
five percent or more of the outstanding voting stock or shares of any organization, and that organization 19 CFR 152.102(g)(6)
Search for: related persons members of the same family
CBP's key cites: 19 CFR 152.102(g)
Question and key from CBP's October 2024 exam and answer key. The walk-through is ours; quotes are from the pinned editions in the reference viewer (HTSUS 2026 Basic, 19 CFR 2025 edition).