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October 2025, question 21

Practical Exercise · Valuation

What is the dutiable value of the press?

  1. $65,000.00
  2. $80,000.00
  3. $99,600.00
  4. $114,600.00
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CBP's answer: A. A: $65,000.00

CBP keyed $65,000. The press facts and invoice are on pages not shown in the exhibit images, so the figures cannot be rebuilt here. The regulation behind the key is that transaction value starts from the price actually paid or payable (152.103(a)(1)) and does not include separately identified post-importation charges such as assembly or technical assistance, transportation after importation, or duties and federal taxes (152.103(i)). The larger answers add costs of that kind.

the price actually paid or payable will be considered without regard to its method of derivation 19 CFR 152.103(a)(1)
The transaction value of imported merchandise does not include any of the following, if identified separately from the price actually paid or payable 19 CFR 152.103(i)

Search for: Exclusions from transaction value

CBP's key cites: 19 CFR 152.103(a)(1); 19 CFR 152.103(i)

Question and key from CBP's October 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).