Calculate Your Way to Success
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Questions and Answers

What is the net value for LVS shipments?

  • The value of containers in which the commodity is being exported
  • The actual selling price of the commodities included in the order
  • All of the above
  • The current market price of the commodities to the same type of purchaser in the US (correct)

    • Can the value of containers be included in the net value for LVS purposes?

  • Only if the value of the containers is greater than the value of the controlled commodity being exported
  • Yes, always
  • Only if the value of the containers is excluded (correct)
  • No, never

    • What should the exporter indicate on the Shipper's Export Declarations when the total value of the containers and their contents must be shown under one Schedule B Number?

  • The value of the containers only
  • The net value of the contained commodity (correct)
  • The total value of the containers and their contents
  • The value of the contents only

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