Impex Equipment Co. Canada imports industrial equipment from India for sale to BJ's Imports USA. The equipment
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Question:
Impex Equipment Co. Canada imports industrial equipment from India for sale to BJ's Imports USA. The equipment is shipped to BJ's by Ocean due to its bulkiness and weight. The value for the equipment is US$250,000.00, import duty is 8.5%: other US customs fees may or may not apply. Calculate how much Duty and fees does BJ's Import owe US Customs (CPB) for this shipment. Show all calculations please.
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