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CIPS L6M10 Exam - Topic 4 Question 21 Discussion

Which factors can be used to calculate the duty on imported goods in international trade? (Select ALL that apply)
B) The value of the goods based on the invoice value and C) The country from which the goods are imported and E) The type of goods based on the harmonized system of classification
A) The weight and dimensions of the goods
D) The country's currency used for payment

CIPS L6M10 Exam - Topic 4 Question 21 Discussion

Actual exam question for CIPS's L6M10 exam
Question #: 21
Topic #: 4
[All L6M10 Questions]

Which factors can be used to calculate the duty on imported goods in international trade? (Select ALL that apply)

Show Suggested Answer Hide Answer
Suggested Answer: B, C, E

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]


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Adelle
11 hours ago
I think B is definitely a key factor. The invoice value matters a lot.
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Janet
6 days ago
All options except D are used for calculating duty.
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Lourdes
11 days ago
Wait, the currency doesn't affect duty? That's new!
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Jesus
16 days ago
D seems irrelevant to me.
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Gail
2 months ago
A and C matter too, right?
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Willard
2 months ago
Definitely B and E are key factors!
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Ruthann
3 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.
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Macy
3 months ago
I practiced a similar question where the country of origin was a factor, so I think that might be relevant here too.
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Elden
3 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.
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Jenelle
4 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.
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