Question: An importer is creating a Type 10 and 20 for a client looking to temporarily store their goods before being released. The Information for the
An importer is creating a Type 10 and 20 for a client looking to temporarily store their goods before being released. The Information for the transaction is described below:
Items being imported:
Lubricating oils for diesel engines (2710.19.91.20 U/M LTR MFN: 5%)
1 Sold @ $580 USD Propane containers (2711.12.10.00 U/M LTR MFN: 12.5%)
1 Sold @ $920 USD
Duration of Time: 3 Years
Both items made in USA but NO CUSMA (MFN rates only, use the MFN rate provided for your calculations)
*1st transaction number going into warehouse: 26624-124512451
*2nd transaction number to get out of the warehouse: 26624-124512457
US exchange rate: 1.322 (D/S date of Jul 17)
US Port: 3241.... CBSA Office: 391....... Highway Mode of Trans.... warehouse 25
CCN: 7887 - 25984635
***The Importer will process both items going into the warehouse, but will extract the propane container.
TASK: Using the information above, fill in the blanks in Type 10 & Type 20:
***Be sure to label "blank" if the B3 field would normally have an empty space.
Type 10---- please fill in the blank following the same sequence, the format of each the blank is exact as B3 fields:
1. Total VFD (Field 9) ,
2. Currency (Field 17) ,
3. Time Limit (Field 18) (no space in between, e.g. 4 days should be 4D) ,
4. Lubricating Oils VFD (Field 37) ,
5. Lubricating Oils Customs Duties (Field 38) ,
6. Total (Field 51)
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