CustomsBrokerLicenseExam

Home / Past exams / April 2025 / Question 77

April 2025, question 77

Valuation, Appraisement and Duty Assessment · Valuation

If the commercial invoice is in a foreign currency, the foreign currency shall be converted to U.S. dollars using the proclaimed rate, certified rate, or rates effective on the _____.

  1. Date the entry is filed
  2. Date the entry summary is filed
  3. Date of exportation
  4. Date of importation
Page from CBP's April 2025 exam booklet for question 77
Show the answer and walk-through

CBP's answer: C. C: Date of exportation

Section 159.32 says the date of exportation for currency conversion is fixed under 152.1(c), which defines it as the actual date the merchandise finally leaves the country of exportation for the United States. The answer is the date of exportation (C).

The date of exportation for currency conversion shall be fixed in accordance with § 152.1(c) of this chapter. 19 CFR 159.32

Search for: Date of exportation

CBP's key cites: 19 CFR 159.32

Question and key from CBP's April 2025 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).