b) Calculate the customs value of the imported smartphones using the transaction value method. c) The...
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b) Calculate the customs value of the imported smartphones using the transaction value method. c) The CBSA has decided that your transaction value is not acceptable for customs valuation purposes, explain the circumstances under which they rejected it and discuss the alternative methods they can employ. d) Calculate the customs value of the same smartphones using the deductive value method, assuming that the identical goods are sold in Canada for $55,000 CAD. Use the following values as your guide. Declared Transaction Value: $50,000 CAD Freight and Insurance Costs: $5,000 CAD Royalty Payment: $2,000 CAD Commissions Paid: $3,000 CAD Identical Goods Sold in Canada by XYZ Inc.: $55,000 CAD b) Calculate the customs value of the imported smartphones using the transaction value method. c) The CBSA has decided that your transaction value is not acceptable for customs valuation purposes, explain the circumstances under which they rejected it and discuss the alternative methods they can employ. d) Calculate the customs value of the same smartphones using the deductive value method, assuming that the identical goods are sold in Canada for $55,000 CAD. Use the following values as your guide. Declared Transaction Value: $50,000 CAD Freight and Insurance Costs: $5,000 CAD Royalty Payment: $2,000 CAD Commissions Paid: $3,000 CAD Identical Goods Sold in Canada by XYZ Inc.: $55,000 CAD
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Customs Valuation for Imported Smartphones a Not applicable You havent provided the necessary information about the imported smartphones or the specif... View the full answer
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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