CustomsBrokerLicenseExam

Home / Past exams / October 2025 / Question 23

October 2025, question 23

Practical Exercise · Valuation

Refer to the Commercial Invoice. How will the price change that Stampa, the seller, offered to BQ Printers, the buyer, affect transaction value?

  1. The price change will not be added to or subtracted from the price paid or payable as it will be paid to the buyer after the buyer pays the seller’s invoice.
  2. The price change will be deducted from the price paid or payable because the price change was a discount from the seller to the buyer negotiated as part of the sale.
  3. The price change will not be added or subtracted from the price paid or payable because it was negotiated after the date of importation.
  4. The price change will be added to the price paid or payable as it is an indirect payment paid to the buyer by the seller after the buyer pays the seller’s invoice.
Page from CBP's October 2025 exam booklet for question 23
Show the answer and walk-through

CBP's answer: B. B: The price change will be deducted from the price paid or payable because the price change was a discount from the seller to the buyer negotiated as part of the sale.

Section 152.103(a)(1) says the price actually paid or payable may be the result of discounts, increases or negotiations. Only a rebate or decrease made after the date of importation is disregarded under 152.103(a)(4). CBP keyed B: the seller's price change was a discount negotiated as part of the sale, so it is deducted from the price paid or payable. The commercial invoice is on a page not shown in the exhibit images.

It may be the result of discounts, increases, or negotiations 19 CFR 152.103(a)(1)
made or otherwise effected between the buyer and seller after the date of importation of the merchandise will be disregarded 19 CFR 152.103(a)(4)

Search for: It may be the result of discounts, increases, or negotiations

CBP's key cites: 19 CFR 152.103(a)(1); 19 CFR 152.103(a)(4)

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).