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Which factors can be used to calculate the duty on imported goods in international trade? (Select ALL that apply)
Suggested Answer: B, C, E
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Duties on imported goods are calculated based on invoice value, country of origin, and type of goods (harmonized classification). Weight, dimensions, and currency are not primary factors. [P-134]
12 comments · newest first
TE
Terry
4 months ago
I feel like A and C should also be included. Weight and origin affect duties.
EL
Elvera
4 months ago
Agreed, B is crucial. Also, E is important for classification.
AD
Adelle
4 months ago
I think B is definitely a key factor. The invoice value matters a lot.
JA
Janet
4 months ago
All options except D are used for calculating duty.
LO
Lourdes
4 months ago
Wait, the currency doesn't affect duty? That's new!
JE
Jesus
4 months ago
D seems irrelevant to me.
GA
Gail
6 months ago
A and C matter too, right?
WI
Willard
6 months ago
Definitely B and E are key factors!
RU
Ruthann
7 months ago
I feel like all these factors could be involved, but I’m uncertain if the weight and dimensions really play a role in calculating duties.
MA
Macy
7 months ago
I practiced a similar question where the country of origin was a factor, so I think that might be relevant here too.
EL
Elden
7 months ago
I remember something about the harmonized system of classification being important for determining duties, but I can't recall if the currency used matters.
JE
Jenelle
7 months ago
I think the value of the goods based on the invoice value is definitely a factor, but I'm not sure about the weight and dimensions.